Fasanara Digital, which is reportedly the $275M AuM crypto division of alternative credit specialist Fasanara Capital ($4.5B AuM) has launched a multi-strategy platform, which went live on Saturday 1 March with “an initial $36m under management. ”
The Managed Account Platform (MAP) is currently allocated “across 20 specialized investment pods, with additional managers in due diligence.”
To support its ongoing expansion, Fasanara Digital is said to be “actively growing its team, onboarding dedicated professionals to scale MAP’s operations.”
Founded in 2018, Fasanara Digital is currently led by three founding partners, Nikita Fadeev, Alessandro Balata and Louis Stewart.
Alessandro Balata, Partner at Fasanara Digital said:
“As digital asset markets become larger and more complex, investing in this asset class becomes an increasingly attention-intensive process— one that most investors lack the bandwidth to navigate effectively.”
They added:
“The timely introduction of our multi-manager, multi-strategy offering combines our deep experience in managing risk and ability to harness niche opportunities in crypto markets. By providing access to uncorrelated alpha streams and managers typically inaccessible to sophisticated investors, we believe MAP reinforces our mission to consistently deliver a competitive edge for our partners.”
Fasanara Digital is the latest digital asset manager to reportedly adopt “the CoinDesk 20 Index (CD20) as a benchmark for evaluating returns.”
While this update appears to be a meaningful step forward for crypto adoption and digital assets investments, it’s worthwhile to note that besides Bitcoin (BTC), no other crypto-asset has demonstrated that it can deliver long-term gains on a consistent basis. Even Ethereum (ETH), the second-largest digital asset by market cap, has experienced considerable challenges. Therefore, it is still debatable whether there is a need to maintain diversified crypto portfolios, especially when we consider that the vast majority of altcoins have lost more than 90% of their value (compared to their all-time highs).
Even XRP has not been able to re-capture and surpass the price attained before the extended bear market of 2018.
Alan Campbell, President of CoinDesk Indices said:
“The CoinDesk 20 was designed to meet institutional investors’ growing demand to benchmark, invest and trade in the digital asset landscape. We’re thrilled Fasanara Digital has adopted CoinDesk 20 as their benchmark.”
