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Yyves Choueifaty, TOBAM

TOBAM launches first Bitcoin mutual fund in Europe


Smart beta specialist TOBAM has launched the TOBAM Bitcoin Fund, an unregulated Alternative Investment Fund, which allows qualified and institutional investors to gain an exposure to the cryptocurrency.

Resulting from blockchain technology’s development, more and more cryptocurrencies have been created in recent years, with Bitcoin gaining the largest market capitalisation and the longest track record, while also being the most liquid. Despite growing interest for the digital currency, the current solutions available to access Bitcoin pose numerous difficulties for investors.
Through a transparent and rigorous investment process, the TOBAM Bitcoin fund integrates the management of potential forks as well as the mitigation of the risk of loss and theft.
TOBAM says that while Bitcoin is prone to significant risks, including a very high level of volatility, it also provides diversification benefits. The company will leverage research capabilities as well as its in-house computer capabilities to implement fully integrated risk control and straight-through-processing investment systems.
TOBAM’s in-house crypto-currency research and development team, includes computer specialists, engineers, researchers and risk management experts.
TOBAM believes that bitcoin and cryptocurrencies in general have the potential to become durable standards in financial and saving markets.
Yves Choueifaty (pictured), President of TOBAM, says: “Research is the founding pillar of TOBAM, and we have conducted research from a technical, financial, economic, and regulatory point of view on Bitcoin for a year prior to launching this fund. This first move in the world of cryptocurrencies showcases our dedication to remaining ahead of the curve and to provide our clients with innovative products in the context of efficient (i.e. unpredictable) markets.
“Bitcoin being a highly diversifying asset, this launch is also an expression of our commitment to diversification in all its forms. Once again TOBAM is ahead of the curve and, in order to remain so, we will continue to reinvest a significant part of our growth into research and innovation for the best interest of our clients.”
Christophe Roehri, Head of Business Development, adds: “Direct investment in Bitcoin can be operationally challenging, from dealing with the choice of the platform, to maintaining the proper security measures in terms of custody and to managing the changes made to the protocol – hard forks. Our goal is to take control of these operational challenges in order to facilitate access for qualified investors willing to gain exposure to Bitcoin. All of that under the format of a fund”.
The fund is available to eligible investors worldwide on a private placement basis.”

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