Tue, Oct 22, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Every Capital is Australia's first retail cryptoasset hedge fund

Wednesday, May 23, 2018
Opalesque Industry Update - Every Capital is launching Australia's first retail crypto hedge fund, making cryptoassets accessible to every Australian investor.

Every's launch offering will be safe and simple. Australians will be able to sign up quickly and invest into a fund that covers a range of cryptocurrencies and Initial Coin Offerings (ICOs).

"We're proud to be one of the first retail funds that makes cryptocurrency and blockchain technology available as a cutting-edge investment for every Australian," said Director and Co-Founder Tom Surman.

Many new users have difficulty getting started in cryptocurrency. There's a high technical barrier when buying into these assets, securing them, and making the most of them as investments.

Every makes the process easy by allowing users to invest with Australian dollars. Every also handles security and complex investment aspects for its users, providing tools to track their investments and automatic year end reporting, including tax reporting.

"All of us at Every Capital believe in the potential of blockchain, as a technology and as an investment opportunity. Cryptoassets are the future of money, and will bring change to almost every industry on earth," said Head of Communications and Co-Founder Jack Baldwin.

Australian companies are already using blockchain technology to disrupt industries as broad as agriculture and renewable energy, and to rethink ideas like voting and democracy.

Every is set up as a Managed Investment Scheme (MIS). The MIS (or just 'the fund') will invest in a diverse portfolio of cryptoassets and participate in select Initial Coin Offerings.

To do this, they have partnered with leading crypto fund manager Astronaut Capital and specialist alternative asset manager Global Merces.

"A lot of seasoned investors are looking for ways to diversify their investment portfolios, and cryptocurrencies don't really track with any existing asset classes, so they dovetail nicely and may offer potential upside," said Surman.

"Likewise, new investors get excited by the potential of the technology. They also feel left behind by traditional investments such as property and shares which don't generate the returns they used to. Crypto presents opportunities for every Australian, and Every will make those opportunities more accessible."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Great to see some forward thinking regulation and investment options in Australia.   May 23, 2018 01:20:21 PM
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. These hedge funds do better. So why can't they raise more money?[more]

    From Institutional Investor: It's an enduring paradox: hedge funds run by women and minorities outperform their peers - but run less money. Evidence continues to mount that the money investors allocate to minority- and women-controlled hedge funds stands a better than even chance of outperformi

  2. Tech: Quantum computing may be closer than expected with 'game changer' discovery[more]

    From Inverse: While quantum computing has long been an exciting notion for scientists and the public alike, the realization of these technologists has long been on hold. But researchers from the Johns Hopkins University have discovered a material that might just fast-track the creation of these, unt

  3. PE/VC: Private-equity deals depress worker wages, study finds, Thoma Bravo to buy Sophos for $3.9bn, Unicorn valuations are fit to burst, warn investors[more]

    Private-equity deals depress worker wages, study finds From Market Watch: Private-equity deals result in worse pay for workers, and, depending on whether the buyout target was public or not, fewer jobs, according to a newly published study. The study of some 6,000 private-equity de

  4. Tech: When AI invests in AI[more]

    From Forbes: The title of this article might sound farfetched to many readers, but keen students of artificial intelligence (AI) know that this is no longer very far away. Since the advent of computers, capital markets have always been at the forefront of technology. Yes, that's right. You may be wo

  5. Institutional investors in Canada, U.S., and the U.K are warming to responsible investing, says a survey[more]

    Laxman Pai, Opalesque Asia: The use of environmental, social and governance (ESG) principles by institutional investors in Canada, the US, and the UK is rising according to a new survey. RBC Global Asset Management (RBC GAM)'s annual survey on responsible investing trends found that more