On April 22, according to Bloomberg, Hong Kong-listed New Fire Group has officially acquired the investment team of approximately 20 members from Avenir Group, a family office led by Li Lin, along with its associated trading system, and will take over Li Lin's long-term BTC strategy capabilities. New Fire Group's Executive Director and CEO, Weng Xiaoqi, stated in an interview that this acquisition will inject core research and investment strength into the company's private banking-level digital asset management business, helping to expand its reach among high-net-worth and institutional clients. The company plans to increase the scale of its private banking-level digital asset management business to over $1 billion within the next two years.
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New Fire Group Acquires Avenir Group's Investment Team and Trading System
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