deVere launches new crypto fund

posted 13 days ago
UK based financial advisory firm deVere Group, which says it has over $10 billion under advice and management, launched an actively managed cryptocurrency fund. "deVere Digital Asset Funds" is being launched in partnership with Dubai-based hedge fund manager Dalma Capital Management.

The fund will provide investors with a diversified exposure to digital currencies, but aims to reduce the volatility "for which the market is known," deVere states. The fund will invest in a portfolio of various digital assets using algorithmic trading over different platforms – including cryptocurrency exchanges and OTC [over the counter] markets, as well as taking advantage of arbitrage. The founder and CEO of deVere Group, Nigel Green, said in the release that he believes that cryptos are now "undeniably part of mainstream finance" and that there is growing demand from clients.
Tags: bitcoin, news