Kenetic bucks Crypto Market Trend
Friday, 16 November 2018, 06:00 HKT/SGT
Kenetic bucks Crypto Market Trend with 77% YTD Portfolio Return
Partnering with VS Asia to offer Pro
Investors access to Crypto Funds
HONG KONG, Nov 16, 2018 - (ACN Newswire) - Kenetic, a blockchain investment and advisory firm based in Hong Kong, affirmed that its proprietary investment portfolio recorded year-to-date returns of 77% as of October 31, against a backdrop of major losses in the cryptocurrency markets; Bitcoin has fallen over 50 percent in 2018 and the overall crypto market is down around 65%.
Kenetic's proprietary investment portfolio is comprised of its best ideas that have undergone thorough due diligence by its experienced investment team. Its alpha-generating strategies are largely focused on early stage investments, catalyst driven events and macro themes, complemented by prudent risk management and proprietary in-house trading tools.
"As active leaders in the global blockchain community, we see where the strongest investment opportunities lie and rising trends that are influencing traditional industries," said Daniel Weinberg, CEO of Kenetic. "During this volatile period, our proprietary investment portfolio continued to outperform many crypto funds as a result of our deep institutional investment experience and strong risk management."
To facilitate professional investor access to these opportunities, Kenetic and Venture Smart Asia Limited (VS Asia), a wholly-owned subsidiary of Venture Smart Financial Group (VSFG) and a company licensed by the SFC in Hong Kong that provides private and institutional asset management services, have established a strategic partnership that will give qualified professional investors access to cryptocurrency investment funds.
Through this partnership, the two companies will work together to develop cryptocurrency investment funds for professional investors leveraging the respective expertise and resources of both entities. Distributed by VS Asia, the new funds will offer eligible investors the ability to diversify their portfolios with digital assets across different passive and active strategies.
"VS Asia and Kenetic have a strong partnership and are building institutional-grade investment products in the digital asset space," said Mark Brady, Executive Director at VSFG. "We work with the best partners to build products that will meet the highest standards of any buy-side institution. Pairing Kenetic's blockchain expertise with VS Asia's customized asset management solutions will help institutional investors gain access to fund products that suit their needs."
Kenetic is a blockchain firm committed to expanding the development and adoption of blockchain technology through investments, advisory services, markets and trading. At Kenetic, we believe in building a sustainable community around blockchain, and have built a world-class team and network of partners across our platform of services. Visit www.kenetic.capital.
Venture Smart Asia Limited (VS Asia) is licensed by the SFC in Hong Kong for: Type 1, dealing in securities; Type 4, advising in securities; Type 9, asset management activities. The Company provides asset management services with focus on private equity funds covering Greater China, Blockchain, Artificial Intelligence, Credit and Real Estate. Member of Venture Smart Financial Group (VSFG), http://v-smart.com.hk.