Greyrock Fund set to welcome an ex-wall-street banker from Goldman Sachs

August 05 23:42 2021

Greyrock Fund is having a low key among the top-performing funds in 2020. The Wall Street short-seller is famed for his 3 sniper-shot on the downfall of Luckin Coffee, Boeing, and New Oriental. Michael Paulson, the young and witting MD revealed the firm may have one additional investment banker joining the team to head up public listing efforts in its portfolio companies. 

Official Twitter:UBChain2021

When Paulson was asked what is the next phase of the fund, and the ambition in supporting the cryptocurrency investment, he said, “I will of course pour every ounce of him to boost the valuation and adoption.”

Greyrock has been the equity investment leader of China concept stocks listed in Nasdaq. It grew from $100 million AUM to $5 Billion over the past 5 years. Though recent tougher tutoring standards have halved the market sentiment, its overall market performance is still blossoming.

It’s also under the spotlight that Greyrock has made an equity investment in UB Digital Investment Group registered in Singapore. It has been operating a cryptocurrency exchange named UB exchange in Singapore and Australia since 2017. The investment will help the company acquire necessary licenses and regulatory approvals in more jurisdictions, and leverage in-house technical capacity to support UB Smart Ecology chain. 

Michael also added that UB Group has been grooming its products and team over the past couple of years. They have ambitions to split their subsidiaries and have it to go through the backdoor listing if considerations are given.

Web3.0 will be challenging the existing communication framework. Some of the most prominent tokens are up 1,000% this year despite a market slump since 19 of May. The UBC chain, Michael told, will be the next core product of Web3.0. 

Media Contact
Company Name: Grey rock Fund investment Group
Contact Person: Billy Schumer
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Country: United States
Website: http://www.greyrock.pro


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