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Alternative Market Briefing

Tradecraft Capital launches actively managed long crypto fund with a medium-term time horizon

Tuesday, May 15, 2018

Komfie Manalo, Opalesque Asia:

Cryptocurrency-focused investment and hedge fund management firm Tradecraft Capital has launched its first fund. The Tradecraft Crypto Asset Fund is a actively-managed portfolio of concentrated, high-conviction positions.

Tradecraft said that unlike many crypto hedge funds that act more as a long-term focused venture fund or a typical long-short trading hedge fund, the fund is focused on active management with a medium-term time horizon.

"Crypto assets are the first invention in 'money' since double-entry accounting was invented in the 1400's. Blockchain and crypto assets will revolutionize how we transact business because it offers new ways to accumulate, govern, store and transfer value," said Jake Ryan, founder and fund manager of Tradecraft Capital. "The Tradecraft Crypto Asset Fund aims to encompass the transformative elements of this new monetary invention and provide investors exposure to this new asset class."

Digital assets have continued their growth in awareness as an alternative investment class, including currencies such as bitcoin, ether and others. The total market cap for all cryptocurrencies is currently around $400 billion, with projections of up to $10 trillion according to RBC Capital Markets. The fund sees this as a prime opportunity to get in early on something that could be more transformational globally than the Inter......................

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