Lots of big innovative companies have come from the dorm rooms of Harvard and now Bushra Hamid along with her 3 schoolmates aspire to be next. Bushra, a 19-year-old daughter of a Syrian immigrant has led efforts to form Plympton Capital, a hedge fund for investing in digital currencies.
The fund starts being operational in June 2018 with $1 million and have already raised $700,000 from friends and family. Hamid, a progressive at heart says that when it comes to the ins and outs of Wall Street, she might not know a lot, but when it comes to crypto, she is one of the most trustable voices. The degree of trust people have in Plympton Capital is pretty significant.
Hamid has reached out to attorney John Lore to help get started initially. Loree has helped set up more than 30 crypto hedge funds. Lore is working with Hamid pro bono.
Hamid graduated valedictorian from a Houston public high school before heading to Massachusetts for college, where she studies psychology, as does Zubair, a senior. Zubair interned for an asset manager in Chile and a bank in New York. Scott Sussex, another founder, is a junior in applied math, and Omar Sorour is a senior in neurobiology and economics.
While the team may not have all of the knowledge needed to make a major impact, they are highly aware of what makes cryptocurrencies tick. Even so, there will be a learning curve even for the Plympton Capital team. A cryptocurrency hedge fund run by inspired young minds can only be considered a good thing. It will be quite interesting to see how this new venture plays out.
Crypto hedge funds have become a lot more popular during the past few months. While there is a lot of positive attention in this industry as of right now, things could still turn around at any given moment. This is a pretty positive development for the industry as a whole and this sets the stage for many more innovative crypto hedge funds coming up soon.