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October 07, 2014, 04:31:26 PM

Another Billionaire investing in bitcoin companies

New York City-based SolidX has raised $3m to bring financial instruments – including ‘total return swaps’ – to large institutional bitcoin investors.

Founded in early 2014, SolidX’s funding round came from a group of investors led by Liberty City Ventures and hedge fund manager James Pallotta.


http://www.coindesk.com/solidx-raises-3-million-give-institutional-investors-better-access-bitcoin/

"James Pallotta (born March 13, 1958), is an Italian American investor and hedge fund manager and, since August 27, 2012, the president of the Italian association football club A.S. Roma.

In 2005, he had income of about 200 million dollars as Managing Director of Tudor Investment Corporation. Pallotta's net worth has been estimated to be more than a billion dollars. In addition to his investment in A. S. Roma and other investments, Pallotta is a minority vanity shareholder in the Boston Celtics.[2]"