“We believe that 2017 and 2018 will see the beginning of major advances in blockchain applications in the real world. This is due to a significant amount of capital invested in the previous three years reaching fruition. Should this be the case, then we believe Bitcoin will be on its way to being accepted as a major global currency.” – Lee Robinson
At Altana we always co-invest alongside our clients.
Cryptocurrencies and blockchain technologies are a high-risk, high-volatility asset, but we believe that they have a place in a well-balanced investment portfolio.
Currently we offer two investment opportunities in the cryptocurrency space.
The Altana Digital Currency Fund (ADCF)
ADCF was co-founded by Lee Robinson and Alistair Milne and started trading in May 2014.
- Actively managed (trades up to 110% of NAV), going long and short aiming to capture the excess volatility and outperform a passive investment
- Invests mostly in Bitcoin, but also trades other cryptocurrencies (Bitcoin Cash, Litecoin and Ethereum) with a market cap > $20 million
- A minimum of 70% of the fund’s cryptocurrencies are held in “cold storage” (secure offline wallets) rather than left with counterparties and Bitcoin exchanges.
Altana Cryptocurrency Trade Finance (ACTF)
Trading digital currencies, like Bitcoin, vs fiat currencies is a niche, but rapidly growing market. As there are few providers of the liquidity required to enable leveraged trading, digital currency traders are prepared to pay high interest rates to borrow USD to finance their digital currency purchases. Trading exchanges allow them to do this via a strict on exchange collateralization process coupled with an electronic margining mechanism.
ACTF has developed a proprietary lending algorithm and trading software to ensure we attain the best rates on the loans we make, keep our clients’ USD lent out and optimise the duration of the loan book.
Bitcoin price, source: Bloomberg
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