JULY 2020 NEWSLETTER

JULY 2020 MONTHLY PERFORMANCE

July     1.9%

YTD     23.5%

1 Year  34.5%

Commentary

July was characterised by continued low volatility in digital currency’s as Bitcoin traded between $9,000 and $10,000 for most of the month, before breaking through the very important psychological resistance of $10,000 on the 27^th July and rallying 16% in 3 days to close July at $11,350. We have increased volatility into the second half of 2020 as we continue to target 25% net of fees with a smoothed 15% volatility on a rolling 12 month basis.  Portal Digital Fund continues to grow with a further US$600,000 added.

Description

The Portal Digital Fund (the “Fund”) is an actively managed Global Multi-Manager Fund focused on the digital currency investment space.  The Fund seeks to achieve medium to long-term growth through investing in a diversified portfolio of 5-10 specialist fund managers running uncorrelated digital currency trading strategies.

The Fund is focused on absolute returns and expects to generate substantial outperformance with lower volatility versus the CCI 30 Index, the benchmark for digital currencies.  The Fund’s targeted returns are 25% p.a. over a rolling 5-year period net of fees.

Strategy Monthly Returns

Investment Strategy Performance Statistics

Fund Characteristics:

• Uncorrelated to global equity, currency and debt markets.
• Access to best-of-breed global fund managers specialising in digital currency-related strategies via a rigorous due diligence process.
• Absolute return investment objective with managed volatility, seeking consistent incremental growth in capital.

• A robust risk-management approach, with an unrelenting focus on capital preservation.
• High liquidity and low exposure to systematic market risk.

Investment Strategy

Our core thesis is predicated on our firm belief that ‘everything is about to change’ as digital assets become the fourth superclass of assets. As the digital currency market formalises and becomes regulated, it continues to represent a new frontier for accredited investors to seek superior risk-adjusted returns that are uncorrelated with traditional equity and debt markets. These markets are inefficient and represent substantial sources of alpha for skilled investment managers.

Our experienced team brings an institutional-grade investment approach combining both quantitative and qualitative investment analysis with prudent portfolio construction to provide access to this unchartered space. We aim to consistently deliver positive performance with reduced volatility via uncorrelated strategies that achieve upside as the sector grows and which preserve capital in down-markets via diversification across differing systematic trading strategies.