First to Bring Institutionalization to Crypto Hedge Funds in Asia
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SINGAPORE
-�Media OutReach�- 20
September 2019 -�BBShares, a global
alternative investment firm, today announced the launch of two crypto hedge
funds: the Systematic Opportunity Fund and the Diversified Alpha Fund. These
funds allow investors to leverage price gains of leading digital currencies
through a traditional investment vehicle.
BBShares also reported strong returns
for its Mega Cap Fund with over 300% net investment returns in the first half
of 2019. This is the first portfolio launched by BBShares in 2018, looking at top digital currencies by
market cap, including BTC, BNB, ETH, XRP, BCH, LTC, EOS and USDT.
"Cryptocurrencies like bitcoin have
insignificant statistical correlation with traditional asset class like equity/fixed-income which means the potential alpha is high in this class. Although
there are 150 active crypto hedge funds out there, they collectively manage only
USD 1B AuM (source: PWC 2019 Crypto Hedge Fund Report), while a trust product
like Grayscale manages USD 2.7B. One of the main reasons limiting growth in the
crypto hedge fund market is the lack of infrastructure and a compliant
framework to allow institutional money to access high alpha and beta. As one of
the pioneers in this field, BBShares has built a holistic legal framework and
an in-house asset management system known as MatrixONE. The platform allows all
assets to be managed seamlessly and service providers such as fund admin,
auditors and custodians can access to the platform via an API," said Jett Li, Chief
Investment Officer of BBShares.
BBShares has adopted a traditional
approach in terms of compliance, legal and security standards in managing funds
for qualified investors. The experienced team comprised of wall street veterans
from JP Morgan, Citibank, Credit Suisse, Standard Chartered Bank and Merrill
Lynch, who saw the opportunity for an institutionalization approach to digital
asset investing.
In order to bring
institutionalization to crypto hedge fund investing, BBshares provides
best-in-class KYC AML checks by Vistra Singapore, monthly net asset value (NAV)
statements for investors as well as audited annual reports. To ensure
credibility, BBShares has appointed Kingdom Trust, a regulated financial
services institution that offers custodian services and commercial insurance
for alternative assets. Kingdom Trust also insures digital-currency private
keys.
"The outlook to crypto assets
investing remains very positive to institutional investors, and has surpassed
traditional investment such as equities, bonds and gold. At BBShares, we
believe in offering our clients secure access to digital asset investing. Our
eco-system is developed to build trust and drive growth so as to enable
institutional investors to include digital currencies in their portfolio,"
added Jett.
About BBShares
BBShares
is a global alternative investment firm that specializes in digital currency
investments, hedge fund products and hedge fund advisory services. Headquartered
in Hong Kong with offices in Singapore and New York, BBShares has a segregated portfolio
company (SPC) structure that is familiar to institutional investors. Mega Cap
Fund was launched in June 2018 as its first hedge fund focusing on digital
currency. For more information, please visit bbshares.com.