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Alternative Market Briefing

Hong Kong crypto hedge fund bucks the trend with 77% upside YTD

Friday, November 16, 2018

Laxman Pai, Opalesque Asia:

Hong Kong-based blockchain investment and advisory firm Kenetic said that its proprietary investment portfolio recorded year-to-date returns of 77% as of October 31, against a backdrop of major losses in the cryptocurrency market.

The company outperformed that market especially when the bitcoin has fallen over 50 percent in 2018 and the overall crypto market is down around 65%, said a release from the company.

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.

"As active player 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," Daniel added.

The release said that to facilitate professional investor access to these opportunities, Kenetic and Venture Smart Asia Limited (VS Asia), a wholly-owned subsidiary of Venture Smart Financial Group (VSFG) and a company licensed by the SFC in Hong Kong that ......................

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