SINGAPORE, March 1, 2021 /PRNewswire/ -- Diginex Limited
(Nasdaq: EQOS), the digital assets financial services company,
today announces that its flagship liquid alpha centric fund of
crypto hedge funds, Bletchley Park Multi Strategy Fund (BPMSF),
generated an estimated net 35% return for the last twelve months,
as of January 31.
BPMSF primarily invests in alpha strategies that generate
returns with limited directional exposure to underlying crypto
prices (e.g., movements in the price of bitcoin). BPMSF has
achieved this through investing in a range of carefully selected
crypto hedge fund managers with the objective of being profitable
in a range of market conditions, including periods of declining
crypto currency prices.
Returns can potentially be generated from arbitrage, market
making, short term trading opportunities, momentum, relative value
strategies, and many other opportunities that are unique within
crypto markets. This diverse composition of strategies has enabled
the fund to generate positive returns in 10 out of the past 15
months, since inception in November
2019 and, notably, the fund has outperformed in each and
every month when bitcoin has had a negative return.
The investment team has screened over 350 funds since research
began on the fund in 2018, selecting the best and most investible
managers within each style category. The Sharpe ratio of the fund
is above 2 and the estimated 12 month net return of 35% highlights
the unique alpha available in this new asset class.
Thomas Chladek, Fund Manager of
BPMSF, said: "I am delighted to have closed out the first full
calendar year with strong investor returns. Our due diligence
process is at the forefront of the industry and the expertise we've
generated over three years of research allows us to identify strong
managers for the future. We have analyzed literally hundreds of
potential managers so that we can find the absolute best in each
class."
Shane Edwards, Head of Investment
Products, at Diginex added: "This is a truly unique fund
proposition. Crypto markets offer opportunities that do not exist
elsewhere. The market is still evolving, and smart traders have the
opportunity to make real alpha. I believe 2021 is the year
investors recognize this and understand the value it brings to a
regular portfolio or even portfolios with significant allocations
to conventional hedge funds."
Richard Byworth, CEO of Diginex,
concluded: "This is a great start for the fund's track record, and
a strong finish for 2020, which was a transformative year for
Diginex. Across the board we are achieving a number of key
milestones and are seeing an unprecedented level of interest as
financial markets' participants increasingly recognize the
opportunity in digital assets."
The fund is operated under the Bletchley Park brand, which is
fully owned by Diginex, now under the management of Diginex SA, a
member of the Association Romandedes Intermédiaires Financiers
(ARIF), a Self-Regulatory Organization recognized by the FINMA in
Switzerland.
- ENDS –
About Diginex
Diginex is a digital assets financial services company focused
on delivering a cryptocurrency and digital assets ecosystem
offering innovative product and services that are compliant, fair
and trusted. The group encompasses cryptocurrency exchange EQUOS.io
as well as an over-the-counter trading platform. It also offers a
front-to-back integrated trading platform Diginex Access, a
securitization advisory service Diginex Capital, market leading hot
and cold custodian, Digivault and funds business Bletchley Park.
For more information visit: https://www.diginex.com/.
Follow Diginex on social media on Twitter @DiginexGlobal, on
Facebook @DiginexGlobal, and on LinkedIn. Follow EQUOS.io on social
media on Twitter @EQUOS_io and on LinkedIn.
Forward Looking Statements
This press release ("Press Release") is prepared by Diginex
Limited ("Diginex") and is provided for information purposes only
and is a summary only of certain key facts and Diginex plans.
This Press Release does not constitute an offer or solicitation or
form part of an offer or solicitation of any kind to anyone in any
jurisdiction in relation to any securities or other regulated
products or services. Without limitation, the Press Release does
not constitute an offer or solicitation to make use of any services
provided by Diginex, and neither this Press Release nor anything
contained in it will form the basis of any contract or commitment
whatsoever. The contents of this Press Release have not been
reviewed by any regulatory authority in any jurisdictions.
Statements contained herein as to the content of any agreement or
other document are summaries and, therefore, are necessarily
selective and incomplete and are qualified in their entirety by the
actual agreements or other documents. This Press Release includes
forward looking statements that involve risks and uncertainties.
Forward looking statements are statements that are not historical
facts. Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results or outcomes to
differ materially from the forward-looking statements. Most of
these factors are outside of Diginex's control and are difficult to
predict. Factors that may cause such differences include, but are
not limited to: the ability to recognize the anticipated benefits
of the business combination; the ability of Diginex to grow and
manage growth profitably; Diginex's limited operating history and
history of net losses; Diginex's ability to execute its business
plan; the inability to maintain the listing of Diginex's shares on
NASDAQ; Diginex's estimates of the size of the markets for its
products; the rate and degree of market acceptance of Diginex's
products; Diginex's ability to identify and integrate acquisitions;
potential litigation involving Diginex or the validity or
enforceability of Diginex's intellectual property; general economic
and market conditions impacting demand for Diginex's products and
services; and such other risks and uncertainties indicated in
Diginex's Shell Company Report on Form 20-F, including those under
"Risk Factors" therein, and in Diginex's other filings with the
SEC, which are available on the SEC's website at www.sec.gov. In
addition, any forward-looking statements contained in this press
release are based on assumptions that Diginex believes to be
reasonable as of this date. Diginex undertakes no obligation to
update any forward-looking statements to reflect events or
circumstances after the date of this press release or to reflect
new information or the occurrence of unanticipated events, except
as required by law. Other than those of Diginex, all names,
trademarks and logos in this Press Release and used in the
materials herein belong to their respective owners. Nothing
contained on this Press Release should be construed as granting, by
implication, estoppel, or otherwise, any right or license to use
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Release without the written permission of such third-parties.
Copyright (c) Diginex 2021.
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SOURCE Diginex Limited