{"id":136418,"date":"2018-11-01T09:56:58","date_gmt":"2018-11-01T13:56:58","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136418"},"modified":"2018-11-01T06:58:44","modified_gmt":"2018-11-01T10:58:44","slug":"devere-launches-actively-managed-cryptocurrency-solution-as-bitcoin-turns-10","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/devere-launches-actively-managed-cryptocurrency-solution-as-bitcoin-turns-10\/","title":{"rendered":"deVere launches actively managed cryptocurrency solution as Bitcoin turns 10"},"content":{"rendered":"
November 1, 2018<\/div>
\r\n<\/div><\/div>

By George Prior<\/strong><\/p>\n

A pioneering actively managed cryptocurrency solution has today been launched by one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

deVere Group has founded the deVere Digital Asset Funds, a suite of digital currency solutions for experienced investors, in association with Dalma Capital Management Limited, a prominent hedge fund manager in the Dubai International Financial Centre.<\/p>\n

It comes a day after Bitcoin, the world\u2019s original digital currency, and still largest by market capitalization, reached its 10th anniversary.<\/p>\n

Nigel Green, founder and CEO of deVere Group, comments: \u201cCryptocurrencies are now undeniably part of mainstream finance.<\/p>\n

\u201cTheir momentum continues to gain traction as both retail and institutional investors increasingly value the need and demand for digital, global currencies in today\u2019s ever-more digitalized and globalized world.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\u201cThe crypto market continues to expand considerably, with mass adoption on the horizon.<\/p>\n

\u201cThese 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.\u201d<\/p>\n

He continues: \u201cThe deVere Digital Asset solution will invest in a diversified portfolio of digital assets via algorithmic trading over different platforms \u2013 including crypto-currency exchanges and OTC markets – as well as arbitrage opportunities.\u201d<\/p>\n

\u201cThrough a ground-breaking 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. These trades, referred to as arbitrage, allow profits to be generated with little or no directional market risk.\u201d<\/p>\n

Zachary Cefaratti, CEO of Dalma Capital comments: \u201cCrypto Asset Markets abound with durable inefficiencies \u2013 creating opportunities for hedge funds to generate uncorrelated excess returns through systematic relative value arbitrage, momentum trading and mean-reversion strategies.\u201d<\/p>\n

He adds: \u201cCrypto Markets have created opportunities that we have not seen in conventional markets for decades. Arbitrage opportunities abound \u2013 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.\u201d<\/p>\n

The deVere Digital Asset Platform is to be showcased at the forthcoming Alternative Investment Management (AIM) Summit taking place in Dubai on 26-27 November at the Ritz Carlton hotel.<\/p>\n

Mr Green concludes: \u201cWe\u2019re confident due to our custom-developed platform, which analyses market data and suggests rebalancing that\u2019s best suited for the current market, will be a market leading investment solution in the digital currency space.<\/p>\n

\u201cThe launch today of the deVere Digital Asset strategies underscores our ongoing commitment to reshaping and redefining the way financial services are delivered through fintech [financial technology], which we believe is a positive force for individuals, businesses and society.\u201d<\/p>\n

About:<\/em><\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior A pioneering actively managed cryptocurrency solution has today been launched by one of the world\u2019s largest independent financial advisory organizations. deVere Group has founded the deVere Digital Asset Funds, a suite of digital currency solutions for experienced investors, in association with Dalma Capital Management Limited, a prominent hedge fund manager in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-136418","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=136418"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136418\/revisions"}],"predecessor-version":[{"id":136419,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136418\/revisions\/136419"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}