Australia’s Retail Investors Get First Crypto-Focused Hedge Fund

Cryptovest

Published May 24, 2018 05:28AM ET

Australia’s Retail Investors Get First Crypto-Focused Hedge Fund

Every Capital is bringing crypto assets to all Australian investors with the launch of the country’s first retail digital currency hedge fund. Tom Surman, co-founder and director of the Australia-based investment management company, said the fund had streamlined its offerings to make it simple and safe.

The platform is introducing a user-friendly sign-up system, enabling Australian investors to allocate into the fund that covers a number of digital currencies and initial coin offerings (ICOs).

Surman commented:

"We're proud to be one of the first retail funds that make cryptocurrency and blockchain technology available as a cutting-edge investment for every Australian.”

According to Surman, while many Australians are looking to invest in cryptocurrencies, the lack of technical know-how is preventing most of them from diving into the digital currency waters. There are also concerns about security and a safe return on investments.

However, Every Capital's platform allows retail investors to allocate with Australian dollars. It also provides tools allowing users to monitor their investments, electronic year-end reporting, as well as tax reporting, while the company takes care of the security and other complexities in digital asset investing.

Surman added:

"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. 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."

h2 Crypto hedge fund fastest growing segment in digital assets/h2

The entry of Every Capital into digital currency-focused fund management is not surprising as crypto hedge funds represent the fastest growing segment in the digital asset sector, according to the latest study by Crypto Fund Research, which adds that crypto assets could potentially double this year.

The research has found that at least 700 cryptocurrency hedge funds have been launched so far this year, way above the 100 funds unveiled in 2016. Crypto hedge funds now account for 14% of total hedge fund launches although they still represent less than 1% of the nearly $3.2 trillion of assets held globally by hedge funds.


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