CoinShares Expands Horizons with Launch of Hedge Fund Division and U.S. Expansion

By 0xK2 09/22/23 3:36 PM

CoinShares International Limited, the premier European alternative asset manager specializing in digital assets, has announced a significant strategic move that marks a turning point in the company’s journey. The company, listed on Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF, has introduced its hedge fund division, CoinShares Hedge Fund Solutions, and is making its offerings accessible to qualified U.S. investors. This groundbreaking expansion beyond its established European base underscores CoinShares’ commitment to becoming a leading destination for institutional investors in the digital assets realm.

CoinShares, founded in 2013 and headquartered in Jersey, has played a pivotal role in the crypto industry’s evolution. With this new venture, it aims to cater to the unique needs of institutional clients, offering a diverse range of products that span the spectrum of beta and alpha strategies, with hybrid options in between. The company envisions providing a seamless, holistic experience, equipping institutional investors with the tools and insights they need to navigate the dynamic world of digital asset investments. CoinShares Capital LLC, a wholly-owned subsidiary of CoinShares and a registered broker-dealer with the Financial Industry Regulatory Authority (FINRA), will spearhead marketing efforts to qualified investors in the United States in support of CoinShares Hedge Fund Solutions’ strategies and products.

This move represents a return to CoinShares’ roots. It initially started as the commodity hedge fund Global Advisors and later established the regulated Global Advisors Bitcoin Investment Fund (GABI) in 2014, which operated until 2017. Now, with a wealth of experience gained from its involvement in crypto markets, including its proprietary trading arm since 2016, CoinShares is well-positioned to deliver premium products that meet the rigorous due diligence requirements of institutional investors, rivaling offerings from established financial institutions.

To ensure the success of its new hedge fund division, CoinShares has appointed Lewis Fellas as the Head of CoinShares Hedge Fund Solutions. Fellas, a seasoned asset manager with 23 years of industry experience, including seven in digital assets, brings unique skills and expertise to the table. The division will harness CoinShares’ battle-tested expertise in trading and quantitative teams to deliver top-notch solutions.

Jean-Marie Mognetti, CEO of CoinShares, highlighted the significance of this expansion, stating, “In a changing macro environment prominently marked by interest rates and inflation, the demand for actively managed exposure to digital assets is a natural progression. Backed by a decade-long legacy in the digital asset industry and a team with more than two decades in hedge funds, the new division signifies the latest step in CoinShares’ evolution. Our products focus on delivering a premium experience to our investors, and we are delighted to enrich our long-only asset management offerings by returning to our core founding program.”

Lewis Fellas, Head of Hedge Fund Solutions, added, “CoinShares inspired my move into crypto asset management in 2016, so being able to lead the new division within the firm and further pioneer the space is an honor. The design of our strategies reflects the team’s deep and practical knowledge of digital assets and showcases the firm’s ability to develop new products that meet the demands of institutional investors. The long-awaited return of interest rate-driven volatility is a great opportunity that we plan to capture with our novel fund products. Each product that will be offered is designed to mitigate counterparty risk while providing investors with clearly defined asset class and strategy exposures.”

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