The world’s first blockchain/cryptocurrency fund of funds is now open for investment to qualified investors.
It is an open-ended fund of funds domiciled in Luxembourg. It provides unique diversification and applies traditional/rigorous due diligence for investor’s peace of mind. It will invest in a carefully selected portfolio of blockchain/cryptocurrency investment funds, which apply a variety of strategies within the sector and have a combined AUM of more than $500 million USD.
The Fund’s management company, Block Asset Management S.à.r.l., is domiciled in Luxembourg and registered with the CSSF.
“After a year of global market research, we realised that interest in the blockchain/crypto space is extremely high,” Block Asset Management founder and director Kevin Ballard said. “However, feedback from professional and institutional investors is that whilst they acknowledge their understanding of this sector is fairly limited, they do recognise it can generate high returns (albeit in a high-risk environment).
“Investors have also been hesitant due to difficulties in selecting a single strategy or manager. This is compounded by a lack of funds that offer diversification or any material performance history. This feedback made Manuel and I realise that by providing a more diverse investment opportunity BAM would provide an intelligent solution to the concerns investors have when they consider this exciting new space.”
“We knew that many funds existed in the crypto space, but most would clearly not pass any comprehensive, serious due diligence,” founder, director and CEO Manuel E. De Luque Muntaner said. “However, relying on Block Asset Management’s team, we successfully completed months of extensive analysis of dozens of funds and eventually approved the best funds for inclusion in the fund.
The Block Asset Management team includes experts with more than 100 years combined experience in the fund and asset management industry. The team includes Timothy Enneking, who has been managing crypto assets since 2013.