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Alternative Market Briefing

New crypto hedge fund to benefit from "once in a generation opportunity"

Thursday, April 15, 2021

B. G., Opalesque Geneva:

Paul Frost-Smith, most recently CEO and Head of Markets at Haitong Securities, has spent the last two years working with developers Larry Grant and Marc Deveaux to build three crypto-strategies, known collectively as Chimera. The co-founders are now preparing to launch a crypto hedge fund called Argentium Digital Asset Management, after recently launching a Cayman vehicle called The Argentium Chimera Fund, hosted by the AK Jensen platform.

"The decentralized nature of digital assets and cryptocurrencies, and the differences in infrastructure and liquidity between exchanges, presents a unique opportunity for arbitrage and liquidity provision," says Frost-Smith. "I believe we are at an inflection point in the adoption of crypto assets, and that they will become increasingly important to diversification of investor portfolios and to the way in which value is perceived and stored.

"Just look at the daily news, with VISA, Mastercard, and PayPal in a process of adoption, we are seeing Bitcoin, Ether, and Litecoin transitioning from storage to circulation, and from the virtual to the real world. This is a once-in-a-generation opportunity."

According to Argentium's announcement, the three complementary strategies have been adapted from FX to deal with the much higher volatility and lower liquidity of the cryptocurrency markets. They combine market-neutral arbitrage with long/short and mark......................

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