Diginex, 35% return for the crypto fund
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Diginex’s Bletchley Park Multi-Strategy Fund achieved an estimated 35% net return in one year. The twelve months under review ended on January 31st, 2021.
This is what the company notes, satisfied with the success of a very particular product for the cryptocurrency sector.
Diginex Limited has developed this crypto hedge fund, the Bletchley Park Multi-Strategy Fund (BPMSF), which invests in strategies that generate returns from cryptocurrencies, without limiting exposure to the price of Bitcoin alone. Instead, Diginex’s investment strategy is based on:
- crypto arbitrage,
- market-making,
- short-term trading opportunities,
- momentum,
- relative value strategies.
The 35% net return, Diginex explains, is also due to the selection of other carefully chosen investment funds, backed by experienced managers. This has resulted in flattering results in more than just the last 12 months. In fact, the fund has achieved positive returns in 10 of the last 15 months.
Diginex, a successful fund
Thomas Chladek, BPMSF fund manager, said:
“I am delighted to have closed out the first full calendar year with strong investor returns. Our due diligence process is at the forefront of the industry and the expertise we’ve generated over three years of research allows us to identify strong managers for the future. We have analyzed literally hundreds of potential managers so that we can find the absolute best in each class”.
Shane Edwards, Head of Investment Products, at Diginex added:
“This is a truly unique fund proposition. Crypto markets offer opportunities that do not exist elsewhere. The market is still evolving, and smart traders have the opportunity to make real alpha. I believe 2021 is the year investors recognize this and understand the value it brings to a regular portfolio or even portfolios with significant allocations to conventional hedge funds”.
Richard Byworth, CEO of Diginex, concluded:
“This is a great start for the fund’s track record, and a strong finish for 2020, which was a transformative year for Diginex. Across the board we are achieving a number of key milestones and are seeing an unprecedented level of interest as financial markets’ participants increasingly recognize the opportunity in digital assets”.
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