According to Bloomberg, Man Group Plc, the world’s largest publicly traded hedge fund manager, plans to launch a cryptocurrency-only fund early next year. According to the report, the firm has been developing the strategy led by Man Group portfolio manager Andre Rzym for months, according to anonymous sources with knowledge of the matter. According to one of the sources, the dedicated fund will be approved for investors only after the company evaluates it for counterparty risks. The announcement follows the bankruptcy filing of crypto exchange FTX on November 11, which has shaken industry confidence.