- CoinShares is launching a hedge fund division in the United States to serve qualified U.S. investors.
- The new division, CoinShares Hedge Fund Solutions, aims to meet the growing demand for cryptocurrency-based investment products, offering diverse crypto investment options.
Crypto asset manager CoinShares has announced the formation of CoinShares Hedge Fund Solutions, a hedge fund business. The company will extend its offers to qualified U.S. investors, expanding beyond its European base.
CoinShares Target Institutional Investors with Various Investment Products
CoinShares seeks to address the different demands of institutional investors by offering a portfolio of private investment products that cover beta and alpha strategies, with hybrid options in between. The idea is to enable institutions to build optimal cryptocurrency portfolios.
The company’s mission is to provide a seamless experience and provide its institutional clients with the tools and insights they need to navigate the digital asset investment landscape.
CoinShares Capital LLC, a subsidiary of CoinShares and a broker-dealer licensed with the Financial Industry Regulatory Authority (FINRA), will oversee marketing activities in support of CoinShares Hedge Fund Solutions’ strategies and products in the United States.
This project is a return to CoinShares’ roots, which began as the commodity hedge firm Global Advisors. It established the regulated Global Advisors Bitcoin Investment Fund (GABI) in 2014, which was in operation till 2017.
This initiative is a step forward for the company, utilizing its vast experience in the cryptocurrency markets garnered through its proprietary trading arm since 2016. CoinShares is well-positioned to provide premium products that meet institutional investors’ due diligence needs.
CoinShares CEO Explains the Reason for Strategic Expansion
CoinShares has engaged Lewis Fellas as the Head of CoinShares Hedge Fund Solutions to facilitate the smooth launch of the new division. Lewis offers 23 years of industry experience, including seven years in digital assets, to lead the success of the new business.
The division will leverage CoinShares’ battle-tested trading and quantitative teams’ abilities and experience.
Jean-Marie Mognetti, CEO of CoinShares, commented on the strategic expansion: “In a changing macro environment prominently marked by interest rates and inflation, the demand for actively managed exposure to digital assets is a natural progression. Backed by a decade-long legacy in the digital asset industry and a team with more than two decades in hedge funds, the new division signifies the latest step in CoinShares’ evolution.”
“Our products focus on delivering a premium experience to our investors, and we are delighted to enrich our long-only asset management offerings by returning to our core founding program.”
This strategic expansion into the U.S. market demonstrates CoinShares’ commitment to fulfilling the increasing expectations of the cryptocurrency investment landscape and offering bespoke solutions in the fast-evolving digital asset field.
Lewis Fellas concluded with the following, “CoinShares inspired my move into crypto asset management in 2016, so being able to lead the new division within the firm and further pioneer the space is an honor.”
“The design of our strategies reflects the team’s deep and practical knowledge of digital assets and showcases the firm’s ability to develop new products that meet the demands of institutional investors.”
“The long-awaited return of interest rate-driven volatility is a great opportunity that we plan to capture with our novel fund products. Each product that will be offered is designed to mitigate counterparty risk whilst providing investors with clearly defined asset class and strategy exposures.”
