Hedge Fund UBS O’Connor Injects £50M into VC VentureX

UBS Asset Management’s multi-strategy hedge fund manager UBS O’Connor announced that it has made a £50M strategic investment in digital asset firm VC VentureX as it aims to unlock opportunities in the digital asset ecosystem.

The financial backing is intended to back VC VentureX in its support for early-stage digital asset and blockchain projects and help it scale its operations into new markets, including Asia and North America. As part of the tie-up, the VC will also incorporate UBS O’Connor’s risk management capabilities into its own investment practices, and both firms say they will prioritize investments promoting ethical and sustainable practices in the digital asset space.

Source: https://www.globenewswire.com/news-release/2024/12/03/2990260/0/en/UBS-O-Connor-Invests-50-Million-in-VC-VentureX-to-Accelerate-Digital-Asset-Strategy.html