Quants search for way to size crypto bets

Standard models say as much as 4% of a diversified portfolio could go into digital assets

Investors wanting to know how much to invest in cryptocurrency will get only limited guidance from star investors.

Ray Dalio, Bridgewater Associates’ founder and CIO, says bitcoin and ether contribute to a portfolio’s diversification. Thomas Peterffy, founder of Interactive Brokers, owns some cryptocurrencies but says he is sceptical about their long-term value. And in April, Warren Buffett told a Berkshire Hathaway shareholders meeting that he would not buy bitcoin at any price because it does

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