The Corona Fighters Report 49: Asset managers who delivered in the downturn

Digital currency market as the new frontier

The Portal Digital Fund is up +21.6% YTD after returning +8% in April and +3.7% in May 2020. It was launched in January 2019 and returned 61% that year.

The fund is an institutional-grade, actively managed, global multi-manager fund focused on the digital currency investment space and is uncorrelated to global equity, currency, and debt markets. The fund seeks to achieve medium to long-term growth through investing in a diversified portfolio of 5-10 specialist fund managers running 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.

“Our core thesis is predicated on our firm belief that ‘everything is about to change’ as digital assets become the fourth superclass of assets,” says a manager commentary reviewed by Opalesque. “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.”

The manager and platform is First Degree Global Asset Management, established in 2011 and located in Singapore.

Senior fund manager Mark O. Witten recently discussed future macroeconomic shocks yet to be realised in a video. He concludes: “We continue to believe that digital currencies are one of the only assets that can protect investors from the risk of the potential collapse of our current financial system. Digital currencies have evolved from being a means of transacting to a store of value and a trusted, verified, secure financial and accounting system of digital value that can never be created outside of the cryptographic algorithm.

“It is our firm belief that digital currencies are nothing short of the future of our entire medium of exchange system, and of money itself and the platform on which it operates.”

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