Kenetic Forms Strategic Partnership with Venture Smart Asia Limited to
Offer Professional Investors Access to Cryptocurrency Investment Funds
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HONG KONG, CHINA -�Media Outreach-�November�15,
2018�-�Kenetic, a
blockchain investment and advisory firm based in Hong Kong, has revealed that
its proprietary investment portfolio has recorded year-to-date returns of 77
percent as of October 31, 2018, against a backdrop of major losses in the
cryptocurrency market.
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After
hitting its record high in December 2017, Bitcoin has fallen over 50 percent in
2018 and the overall crypto market is down around 65%.
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Kenetic's proprietary investment portfolio is comprised of
its best ideas that have undergone thorough due diligence by its experienced
investment team. Its alpha-generating strategies are largely focused on early
stage investments, catalyst driven events and macro themes, complemented by
prudent risk management and proprietary in-house trading tools. ��
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"As active leaders in the global blockchain community, we
see where the strongest investment opportunities lie and rising trends that are
influencing traditional industries," said Daniel Weinberg, CEO of Kenetic.
"During this volatile period, our proprietary investment portfolio continued to
outperform many crypto funds as a result of our deep institutional investment
experience and strong risk management."
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To facilitate professional investor access to these
opportunities, Kenetic and Venture Smart Asia Limited
(VSAL), a wholly-owned subsidiary of Venture Smart Financial Group (VSFG) and
a Hong Kong Securities and Futures Commission-licensed corporation that
provides wealth management and asset management services, have established a
strategic partnership that will give qualified professional investors access to
cryptocurrency investment funds.
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Through this partnership, the two companies will work
together to develop cryptocurrency investment funds for professional investors
leveraging the respective expertise and resources of both entities. Distributed
by VSAL, the new funds will offer eligible investors the ability to diversify
their portfolios with digital assets across different passive and active
strategies.
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"VSAL and Kenetic have a strong partnership and are building
institutional-grade investment products in the digital asset space," said Mark
Brady, Executive Director at VSFG. "We work with the best partners to build
products that will meet the highest standards of any buy-side institution.
Pairing Kenetic's blockchain expertise with VSAL's customized asset management
solutions will help institutional investors gain access to fund products that
suit their needs."
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About Kenetic
Kenetic is a blockchain firm
committed to expanding the development and adoption of blockchain technology
through investments, advisory services, markets and trading. At Kenetic, we
believe in building a sustainable community around blockchain, and have built a
world-class team and network of partners across our platform of services. For
more information, please visit www.kenetic.capital.
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About VSFG
Venture Smart Financial Group
(VSFG) is a diversified financial services group that provides clients with
customized asset management solutions through its subsidiaries to seize global
investment opportunities. VSFG is committed to helping individuals, families
and corporations meet their financial objectives. For more information, please
visit www.vsfg.com.
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Venture Smart Asia Limited is
a licensed corporation regulated by the SFC for types 1 (dealing in
securities), 4 (advising on securities) and 9 (asset management) regulated
activities pursuant to the SFO ("VSAL") with CE No. BCO 369.
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DISCLAIMER
This press release is for
general information only and should be used solely for reference and not for
any other purposes, commercial or otherwise.
For the avoidance of doubt, this press release is not intended to be and does
not constitute (a) investment advice or recommendation or (b) an offer to sell
or issue or a solicitation of an offer to purchase or subscribe for any securities.
This press release does not form the basis of and should not be relied upon in
connection with any contract or commitment.
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Any investment decision must
be made solely on the basis of your own due diligence and assessment and you
should seek professional advice as appropriate. Neither VSFG nor Kenetic nor
their respective subsidiaries, affiliates, shareholders, directors, officers,
employees, consultants or agents accept any liability whatsoever for any
decisions taken based upon this press release.
No representation or warranty, express or implied, is given or made. The
information in this press release has not been audited. Actual realised returns
on unrealised or illiquid investments may differ materially. All
forward-looking statements, estimates and opinions in this press release, by
their very nature, may be based on certain assumptions and may or may not turn
out to be true, and will be subject to change without notice. Any reference to
past performance or return should not be taken as an indication of future
performance or return.