Ex-HMC Portfolio Manager Fellas Said To Be Launching Crypto-Focused Hedge Fund

Aug 17 2017 | 9:33pm ET

Former Harvard Management Company portfolio manager Lewis Fellas is reportedly prepping a new hedge fund that will invest into cryptocurrencies such as bitcoin and other blockchain-based assets.

The new company will be named Bletchley Part Asset Management and will launch in early September, according to a Bloomberg article citing unidentified persons familiar with the plans. The Cayman-registered vehicle seeks to raise $200 million in capital, Bloomberg added, and has been testing digital currency arbitrage strategies prior to investing external capital.

The name is not without meaning to digital currency enthusiasts; Bletchley Park, 50 miles northwest of London, was the initial headquarters of British cryptography and other code-breaking activity during the Second World War that eventually broke Germany’s Enigma code (bitcoin and other digital currencies are anchored on cryptographically secure blockchains). More recently, the site has become home to the U.K.’s national cyber defense academy.

Fellas will be the new venture’s CIO, according to the Bloomberg article, while former Morgan Stanley executive Ronnie Potel will be managing partner. 

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