Cryptocurrencies
Financier With Ties to an Oligarch Starts Crypto Derivative Hedge Fund
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Gerald Banks, who has structured derivatives for Merrill Lynch & Co. and managed part of a Russian oligarch’s sprawling empire, is now turning his hand to cryptocurrencies.
Banks, who previously changed his name from Guerman Aliev, is the chief investment officer of a new hedge fund based in Greenwich, Connecticut, that’s focused on digital assets such as Bitcoin. Cipher Technologies Management LP is registered with the Securities and Exchange Commission and the Commodity Futures Trading Commission and primarily trades crypto options and futures contracts, Banks said in an interview.