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Laxman Pai, Opalesque Asia: Hong Kong-headquartered blockchain solutions and crypto-asset investment company Diginex has acquired a 75% stake of Bletchley Park Asset Management (BPAM).
Bletchley Park is a Jersey-regulated digital asset hedge fund, with a focus on growth-oriented fundamental digital asset investing and pure alpha market-neutral strategies.
According to a company release the acquisition will combine Diginex' global footprint approach with BPAM's experience of investing in this emerging asset class.
BPAM will retain full autonomy as a stand-alone hedge fund and will be added to Diginex's financial services product suite, which is being developed to include: asset management, insured custody, corporate finance, and a full multijurisdictional regulated exchange launching in 2019.
The release quoted Richard Byworth, CEO at Diginex as saying that: "The BPAM acquisition is a logical progression in the build-out of our financial services offering. During our research for the pending launch of our multi-manager platform, BPAM stood apart from many funds that we interviewed as being truly institutional in their approach to asset management."
He said: "Our ongoing strategy in this space continues to be sustainable and focused on the long-term, through investment in the infrastructure that allows for the adoption of both blockchain technologies and the digital asset class."
BPAM's strategy, which has returned 4.6%, inclusive of all fees, since incep...................... To view our full article Click here
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