Mon, Jun 18, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

TOBAM launches first Bitcoin fund

Friday, November 24, 2017

Bailey McCann, Opalesque New York:

French asset manager TOBAM, has launched the first Bitcoin focused mutual fund in Europe. The TOBAM Bitcoin Fund will operate as an unregulated alternative investment fund domiciled in France.

TOBAM created the fund using an in-house crypto research team and will open the fund to institutions and qualified investors. "We have done research on the liquidity of Bitcoin and our conclusion is that as the first cryptocurrency, Bitcoin has reached a level of liquidity that makes it available for institutions to invest in," said Yves Choueifaty, President of TOBAM, in an interview with Opalesque.

According to Choueifaty, the fund will invest in Bitcoin and Bitcoin assets using a risk mitigation process designed to account for the volatility of the Bitcoin market as well as any potential forks as the currency continues to mature. TOBAM, which is primarily known for its beta strategies, believes that Bitcoin can be a diversifier in institutional portfolios and may eventually become a reserve currency.

"Bitcoin is very compelling as a diversifier," says Choueifaty. "If there is one undeniable quality of Bitcoin is that is a diversifying asset."

The firm has been building up its technology and cybersecurity infrastructure and believes it can work with interested investors who want exposure to Bitcoin but are concerned about security.

TOBAM's internal team is also reviewing other cryptocurrencies like Ethereum for inclusion ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Lyxor recommends stockpicking strategies, L/S equity hedge funds well equipped for turbulent markets[more]

    Matthias Knab, Opalesque: Market developments in May saw some trend reversals across the fixed income and commodity space. On the one hand, the unfolding of the Italian political crisis coincided with a rebound of U.S. Treasuries during the second half of May. On the other hand, the rising likeli

  2. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  3. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  4. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  5. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a