Report: Yale University Invests in Cryptocurrencies

Report: Yale University Invests in Cryptocurrencies

Cryptocurrency News
October 5, 2018 by Sandra Onyeiwu
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Yale University, the Ivy League school whose endowment is the second-largest in higher education, has invested in Paradigm, one of the largest investment funds and one that recently raised around $400M for investment in cryptocurrencies. The fund, dubbed ‘Paradigm,’ was reportedly created by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Charles
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Yale University, the Ivy League school whose endowment is the second-largest in higher education, has invested in Paradigm, one of the largest investment funds and one that recently raised around $400M for investment in cryptocurrencies.

The fund, dubbed ‘Paradigm,’ was reportedly created by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Charles Noyes, formerly of stalwart crypto fund Pantera Capital.

According to report, Swensen, who is chief investment officer of the university’s $29.4 billion endowments, has invested in two venture funds dedicated to cryptocurrency.

Yale’s endowment currently stands at $29.4 billion, a record high, following a return of 12.3 percent during the fiscal year that ended on June 30. A majority of those assets, 60 percent, are directed at alternative investments.

Yale’s investments represent a much-needed vote of confidence for an asset class that’s been hammered in 2018 following a historic rally last year and has yet to see the support of major endowments and foundations.

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