deVere Group announces Digital Asset Funds initiative

Financial advisory organisation deVere Group has founded the deVere Digital Asset Funds, a suite of digital currency solutions for experienced investors, in association with hedge fund manager Dalma Capital Management.

Nigel Green, Founder and CEO of deVere Group, comments: “Cryptocurrencies are now undeniably part of mainstream finance. Their momentum continues to gain traction as both retail and institutional investors increasingly value the need and demand for digital, global currencies in today’s ever-more digitalised and globalised world.”

“The crypto market continues to expand considerably, with mass adoption on the horizon. 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 new offering will invest in a diversified portfolio of digital assets via algorithmic trading over different platforms – including cryptocurrency exchanges and OTC markets – as well as arbitrage opportunities.

Through an 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.

Zachary Cefaratti, CEO of Dalma Capital, comments: “Crypto asset markets abound with durable inefficiencies – creating opportunities for hedge funds to generate uncorrelated excess returns through systematic relative value arbitrage, momentum trading and mean-reversion strategies.”

He adds: “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. The ability to trade long and short allows profit opportunities regardless of market direction.”

Green concludes: “We’re confident due to our custom-developed platform, which analyses market data and suggests rebalancing that’s best suited for the current market, will be a market leading investment solution in the digital currency space.”