BBShares Launches Two Crypto Hedge Funds, Business Insider

First to Bring Institutionalization to Crypto Hedge Funds in Asia

 

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…

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