YRD Capital, a company that claims to offer the world’s first Fund of Funds (FoF) incorporating quantitative trading in crypto assets, is reporting over a 20% net return to its investors during the past three years that the fund has been in operation.
YRD says that since the start of the year, it has achieved an 18.95% YTD return with a correlation to the S&P of 0.22, to gold -0.14, and to Bitcoin price 0.22. Last year the fund reported a return of 22.19% net performance. According to its website, YRD is audited by Baker Tilly,
The fund was set up in 2017 by Yuval Reisman and Elad Gafni to provide access to the new asset class offering an investment strategy for high net worth individuals (HNWI) and family offices.
“Despite the unprecedented and far-reaching impact of COVID-19 we have been successful in delivering solid performance to our clients, with a level of revenue growth that exceeded most people’s expectations,” saud Gafni. “Our expertise, coupled by our diversified approach to the asset class, offers a winning formula that is capable of generating positive returns whenever markets go up or down, as we profit from the volatility of crypto assets. Since our launch we’ve enjoyed a yearly net return of over 20% during each one of our three years of trading and we hope to continue to build on this steady track record of growth as more investors become aware of this once in a decade investment opportunity.”
YRD points to data from PwC that indicates the nuber of crypto hedge funds continues to rise and the total assets under management worldwide have jumped by 2X to $2 billion at the end of 2019 and they expect this number to triple by the end of 2021.
YRD Chairman Ian Morley says that investors do not need to worry about Bitcoin volatility when investing in their fund.
“The managers we select are experts in arbitrage and thereby reduce the volatility of the crypto markets. Risk is then further reduced by diversification across a number of managers that is typical of the safety first approach of FOFs like YRD.”
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