YRD Capital, a company that claims to be the world’s first fund of funds holding digital assets is now available in the UK. In a note from the firm, the expansion into the UK follows the fund’s second investment in a UK based fund and is indicative of a broader goal of expanding into Europe.
YRD Capital reports that it has constructed a portfolio of systematic funds trading digital assets, providing uncorrelated returns, to equity markets, bonds and Bitcoin etc. As we all know, digital assets tend to be volatile and the Fund seeks to benefit from this volatility. YRD Capital says it generated positive returns in March when most funds lost money.
Yuval Reisman, who set up YRD Capital in 2017 with Co-founder Elad Gafni, said the UK is the right place for YRD Capital – referencing his recent relocation to the country. Reisman said the UK has always been open to financial innovation and the government and regulators hold “progressive views on the future of digital assets.”
“We made our first investment in a UK based fund in early 2019 and made our second investment last month. We see an increasing number of top tier quant teams coming out of the UK, led by people who worked for the world’s leading prop shops. With the recent volatility in equities markets, and the uncertain period we have entered, we believe that more investors will consider allocating to alternative, uncorrelated, funds,” said Reisman.
YRD Capital says it has generated a yearly net return of over 20% in all years since its launch in 2017. The fund looks for HNWI and family offices as investors.
“We have built a firm track record risking our own capital and remain major investors in the fund. We treat clients’ money like our own and manage the risk in a conservative way,” said Reisman. “We have been focused on the space since 2017. We probably engaged with more quant teams trading digital assets than anyone else in our sector. We try not to reinvent the wheel, but to take the classic due diligence process of quant funds, and apply it to funds trading digital assets.”
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