Actively Managed Crypto Solution For Experienced Investors Announced By deVere Groupbr>
The deVere Group, an independent international financial consultancy firm, has launched a new cryptocurrency management service.
Established in 2002, deVere Group has over $10 billion under management, with over 80,000 active clients in more than 100 countries. The company’s range of services include international savings, FATCA, bonds, retirement planning, life insurance, pension transfers, and education planning, among others. In January of this year, the company released a crypto exchange app that was designed to meet the need to store and transfer digital currencies.
The new actively managed crypto service, called deVere Digital Asset Funds, has been launched in partnership with Dubai-based hedge fund manager Dalma Captial Management Limited. The service features a suite of cryptocurrency solutions for experienced investors.
“The crypto market continues to expand considerably, with mass adoption on the horizon,” said Nigel Green, founder and CEO of deVere Group. “These actively managed cryptocurrency solutions address growing demand by clients who want the potential associated benefits of exposure to the digital currency sector – which typically include portfolio diversification and decent returns – but with reduced volatility for which the market is known.”
The Digital Asset Funds will invest in a diversified portfolio of digital assets through algorithmic trading over different platforms, including cryptocurrency exchanges and over the counter (OTC) markets – as well as arbitrage opportunities.
“Through a ground-breaking algorithmic system, when the price of one asset, for instance bitcoin or ethereum, is greater on one platform than on another, the opportunity is identified to generate profit from the difference of price across platforms,” Green said. “These trades, referred to as arbitrage, allow profits to be generated with little or no directional market risk.”
Zachary Cefaratti, CEO of Dalma Capital, said that “durable inefficiencies” in the crypto market creates opportunities for hedge funds to generate uncorrelated excess returns through systematic relative value arbitrage, momentum trading and mean-reversion strategies.
“Crypto Markets have created opportunities that we have not seen in conventional markets for decades. Arbitrage opportunities abound – the prices of the top 25 crypto assets vary across over 400 liquidity venues,” said Cefaratti. “The ability to trade long and short allows profit opportunities regardless of market direction.”