WESTPORT, Conn., Aug. 21, 2017 /PRNewswire/ -- REX Shares, LLC (REX) today announced the formation of REX Capital Management, LLC, a wholly owned subsidiary focused on developing investment products and strategies related to bitcoin and other digital assets. REX also announced the hiring of Anthony Pesco, PhD, who was most recently Global Head of Equity Derivatives for Credit Suisse.
REX, a provider of alternatives strategy ETFs, sees large demand for regulated investment products linked to bitcoin and ethereum. "We formed REX with a goal to create solutions for investors to navigate turbulent markets and preserve wealth," said Greg King, Founder and CEO. "The launch of REX Capital Management will catalyze our entry into the digital asset space to continue that mission. We believe cryptocurrencies are a phenomenal innovation that will impact finance and investing for decades to come." REX plans to develop several types of funds and investment management products and services centered around bitcoin, ethereum and other digital assets.
To help drive this growth, REX has hired Dr. Anthony Pesco as a Senior Adviser. Dr. Pesco has over 25 years' experience in building and leading derivatives trading businesses for Credit Suisse, Santander, AIG, and JP Morgan. "I am excited about the opportunity to join REX in developing and deploying innovative investment products linked to digital assets," said Dr. Pesco, who has a PhD in Chemical Engineering from Columbia University.
Headquartered in Westport, Connecticut, REX Shares, LLC is an independent sponsor of exchange-traded funds (ETFs). REX was founded in by Greg King, creator of over 75 exchange traded products for Barclays, Credit Suisse, VelocityShares, and Global X. For more information please visit www.rexshares.com.
SOURCE REX Shares, LLC