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Diginex, a blockchain solutions and financial services company, today announced that it has acquired a 75% stake in Bletchley Park Asset Management (BPAM), a Jersey-based asset hedge fund with a focus on digital equity investment. fundamental growth-oriented and pure neutral strategies on the alpha market.
This acquisition further demonstrates Diginex's commitment to facilitating the institutionalization of digital resources. This partnership combines Diginex's global footprint and professional approach to customer service with the extensive experience of BPAM in investing in this emerging asset class.
BPAM will maintain full autonomy as an autonomous hedge fund and will be added to Diginex's suite of financial services products, which is developed to include: asset management, insured custody, corporate finance and complete multi-jurisdictional regulated exchange in 2019.
"The acquisition of BPAM is a logical step in the construction of our financial services offer.With our research for the pending launch of our multi-manager platform, BPAM stands out from many funds that we interviewed as truly institutional in the their approach to asset management Our ongoing strategy in this sector continues to be sustainable and focused on the long term, through investment in the infrastructure that allows the adoption of both blockchain and digital assets ".
The BPAM strategy, which returned 4.6%, including all taxes, since the launch on 1st September 2017 compared to the average yield of Bitcoin and Ethereum of -10.2% compared to the same period. The fund dynamically allocates fundamental growth-oriented investments, neutral arbitrages with respect to the market and strategic participation in the initial money supply. The fund management company, which is regulated by Jersey, is managed by Lewis Fellas, CEO and Chief Investment Officer. Fellas was previously a portfolio manager at Harvard Management Co. and has over 19 years of investment, research and trading experience, including a track record of positive returns in 13 of 14 years.
"We launched BPAM because we encountered the difficulties investors faced in entering this emerging asset class, ie significant technological requirements for security, counterparty risk and information transparency." We have created a regulated investment product. offering investors easy access in a hedge fund format familiar to an exciting emerging asset class.Now, with today's announcement, we will be able to provide additional investment products and access more investors in the whole world using the Diginex network Investors seeking to participate in the exponential growth of digital assets want the security of institutional risk management, the comfort of investing in a regulated vehicle with a seasoned fund manager and the highest quality customer service We can not wait to be part of the Diginex family. "
The closing of the transaction, whose terms were not disclosed, was completed at the end of November 2018.
