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In the week ending 11 April, 2018, in FinTech, Stonegate Octic All-Weather Blockchain Master Fund is a good example how "alternative" trading strategies such as relative value are becoming more common among cryptocurrency hedge funds, rather than just providing a "long-only" exposure to (a basked of) cryptocurrencies.
Having launched in November 2017, the fund returned 259.65% net of fees as of April this year (530.92% gross) with the HFRI Cryptocurrency Index down 17.48% during the same period. The fund is managed by Oregon based Octic Capital Management, a multi-strategy alternative asset manager focusing on crypto markets.
Meanwhile, some of the biggest names on Wall Street are said to be warming up to bitcoin; for Warren Buffett the idea of a robo-version of himself is no longer a ridiculous notion; Nigel Green predicted that Ethereum and not Bitcoin, could be the cryptocurrency winner of 2018; Coinbase is doing something completely new in the world of crypto: it's going on an M&A shopping spree; $APEX Token Fund has launched its public token sale for its fund of hedge funds; mundane back-office concerns are giving pause to potential investors in digital currency hedge funds; CG Blockchain has revealed that its affiliate, BCT Inc., has closed the online public sale of its BCT "ERC20-compliant" utility token; cryptocurr...................... To view our full article Click here
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