FrankRep
04-06-2013, 03:10 PM
First Bitcoin Hedge Fund Launches From Malta (http://www.forbes.com/sites/jonmatonis/2013/03/08/first-bitcoin-hedge-fund-launches-from-malta/)
Forbes
March 8, 2013
Ever since the bitcoin (http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/?lc=int_mb_1001) cryptocurrency first launched and achieved initial success, institutional investors and hedge fund managers have secretly sought a regulated investment vehicle for bitcoin placements. Malta-based Exante Ltd. has the solution with their new Bitcoin Fund (http://bitcoinfund.eu/joinus).
“I hope our fund will be the first hedge fund to take advantage of using bitcoins (http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/?lc=int_mb_1001),” explains Managing Partner Anatoliy Knyazev. Exante actually announced (http://www.hedgeweek.com/2012/10/08/174393/emergence-electronic-gold%E2%80%A6) the fund in October last year, but they did not make a serious effort to market it. Now, with more institutional interest emerging, they agreed to provide this update to Forbes.
Although any person or entity can acquire and store bitcoins (http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/?lc=int_mb_1001) on their own, institutional investors are typically restricted in the types of assets available within their investment charter. Similar to a mutual fund or hedge fund for alternative assets, Exante’s Bitcoin Fund permits institutions and high-net worth individuals to access the vibrant bitcoin market with a licensed product and this alone is an innovative development.
The fund shares are distributed exclusively through the Exante (http://www.exante.eu/) Hedge Fund Marketplace platform. Authorized and regulated by the Malta Financial Services Authority, Exante offers the Bitcoin (http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/?lc=int_mb_1001) Fund with an initial minimum subscription of $100,000 and a 0.5% upfront subscription fee.
...
Full Story:
http://www.forbes.com/sites/jonmatonis/2013/03/08/first-bitcoin-hedge-fund-launches-from-malta/
Message from Exante:
EXANTE's outrageous Bitcoin prediction in Financial Times (Apr. 5)
https://exante.eu/company/news/235/
Forbes
March 8, 2013
Ever since the bitcoin (http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/?lc=int_mb_1001) cryptocurrency first launched and achieved initial success, institutional investors and hedge fund managers have secretly sought a regulated investment vehicle for bitcoin placements. Malta-based Exante Ltd. has the solution with their new Bitcoin Fund (http://bitcoinfund.eu/joinus).
“I hope our fund will be the first hedge fund to take advantage of using bitcoins (http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/?lc=int_mb_1001),” explains Managing Partner Anatoliy Knyazev. Exante actually announced (http://www.hedgeweek.com/2012/10/08/174393/emergence-electronic-gold%E2%80%A6) the fund in October last year, but they did not make a serious effort to market it. Now, with more institutional interest emerging, they agreed to provide this update to Forbes.
Although any person or entity can acquire and store bitcoins (http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/?lc=int_mb_1001) on their own, institutional investors are typically restricted in the types of assets available within their investment charter. Similar to a mutual fund or hedge fund for alternative assets, Exante’s Bitcoin Fund permits institutions and high-net worth individuals to access the vibrant bitcoin market with a licensed product and this alone is an innovative development.
The fund shares are distributed exclusively through the Exante (http://www.exante.eu/) Hedge Fund Marketplace platform. Authorized and regulated by the Malta Financial Services Authority, Exante offers the Bitcoin (http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/?lc=int_mb_1001) Fund with an initial minimum subscription of $100,000 and a 0.5% upfront subscription fee.
...
Full Story:
http://www.forbes.com/sites/jonmatonis/2013/03/08/first-bitcoin-hedge-fund-launches-from-malta/
Message from Exante:
EXANTE's outrageous Bitcoin prediction in Financial Times (Apr. 5)
https://exante.eu/company/news/235/