Key Takeaways
- • Digital Asset Capital Management will launch an Australian version of its flagship crypto fund, targeting wholesale and institutional investors, according to the Australian Financial Review (AFR).
- • The global crypto-specialist manager has hired former UBS asset management chief Bryce Doherty to help establish an Australia-domiciled managed fund.
- • The launch reflects growing demand from wholesale and institutional investors for regulated exposure to cryptocurrency markets.
Summary
Digital Asset Capital Management plans to launch an Australian version of its flagship cryptocurrency fund, the Australian Financial Review reported on October 29, 2021. The fund is aimed at wholesale and institutional investors, as well as wealthy families and superannuation funds, that are seeking regulated exposure to highly volatile cryptocurrency markets.
To help structure the vehicle, the global crypto-specialist investment manager has hired Bryce Doherty, formerly head of asset management at UBS. His role is to help smooth the creation of an Australia-domiciled managed fund, according to the report.
The AFR's headline cites a 3,000 per cent return associated with the flagship strategy. The available source text does not provide further detail on fund size, fee structure, launch timing, or the specific return period, so those points should be treated as unconfirmed in this summary.
To help structure the vehicle, the global crypto-specialist investment manager has hired Bryce Doherty, formerly head of asset management at UBS. His role is to help smooth the creation of an Australia-domiciled managed fund, according to the report.
The AFR's headline cites a 3,000 per cent return associated with the flagship strategy. The available source text does not provide further detail on fund size, fee structure, launch timing, or the specific return period, so those points should be treated as unconfirmed in this summary.
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