Galaxy Digital has launched the Galaxy Absolute Return Fund, an actively managed funding automobile designed to offer publicity to the digital asset ecosystem and adjoining disruptive applied sciences.
The fund aims to generate equity-like returns whereas avoiding direct investments in crypto tokens.
Its multi-asset technique contains each directional and non-directional positions, investing in publicly traded equities, ETFs, derivatives, and fixed-income devices.
By capitalizing on inefficiencies in digital asset markets, the fund seeks to ship sturdy efficiency whereas sustaining a low correlation to Bitcoin (BTC) and conventional indices just like the S&P 500.
Threat changes
In line with Galaxy, the fund will make use of a risk-adjusted strategy, using lengthy and brief positions to hedge in opposition to volatility. It additionally advantages from Galaxy’s intensive analysis and threat administration infrastructure.
All belongings within the fund are traded on regulated exchanges and custodied with conventional monetary establishments, making certain compliance with established monetary safeguards.
The fund is led by Christopher Rhine, CFA, Galaxy’s Head of Liquid Energetic Methods. Rhine brings over 20 years of expertise in asset administration, having beforehand held senior funding roles at Cohen & Steers and BlackRock.