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B. G., Opalesque Geneva:

Benjamin Upward and Branon Fluegel, co-founders of Synchronicity Futures, LLC, a CTA based in Michigan, have decided to wind up the firm.

"We have put our heart and soul into managing Synchronicity for over seven years," says Upward in a communication to investors seen by Opalesque. "There have been successes and many challenging times too. Managing money in these new, hyper-volatile digital assets with constantly changing regulations has been quite a ride.

"Unfortunately, at the end of the day, we were unable to successfully scale our business to the point where it could be self-sustaining."

Synchronicity managed ChainLogic Fund, LP, which registered with the CFTC in 2017 and offered risk-managed exposure to digital assets through a traditional private fund structure. In March last year, Synchronicity partnered with Texture Capital, a digital asset securities broker-dealer.

Ben Upward also announced he had joined Azimuth Capital Management as a portfolio manager. Azimuth, based in Michigan, provides investment advisory services and manages more than $3bn through customised portfolios. Meanwhile, Fluegel i......................

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