Establishes Exclusive Agreements with Nasdaq
and Hashdex
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that its wholly owned investment
adviser, Victory Capital Management Inc., has established exclusive
agreements with both Nasdaq and crypto-focused asset manager
Hashdex Ltd. (“Hashdex”) in advance of plans to enter the
cryptocurrency market. Victory Capital will be the exclusive
sponsor of private placement funds and other vehicles for U.S.
investors, based on the Nasdaq Crypto Index (NCI), a multi-coin
crypto index co-developed by Nasdaq and Hashdex.
Victory Capital plans to launch a private fund for accredited
investors that will track the NCI. Additionally, Victory Capital
will be offering private funds that track the Nasdaq Bitcoin
Reference Price Index as well as the Nasdaq Ethereum Price Index.
Hashdex will provide its trading and asset management expertise to
each of these products.
The NCI was developed to address rapidly growing institutional
investor interest in digital assets. The rules-based index is
designed to be dynamic in nature, broadly representative of the
investable landscape of the cryptocurrency market, and readily
trackable by investors. It employs strict eligibility criteria and
is rebalanced quarterly to maintain a current representation of
this market.
Hashdex was created with the mission of building a simplified
bridge between traditional financial markets and the crypto market.
Founded in early 2018, Hashdex pioneered the world’s first crypto
index funds. The company manages index, passive and systematic
crypto funds currently available to non-U.S. investors.
“We continually strive to provide our clients with the
forward-thinking choices they want and believe cryptocurrency is a
viable asset class that can be part of a well-diversified
portfolio,” said Mannik Dhillon, CFA, CAIA, President,
VictoryShares and Solutions. “By investing in a portfolio designed
to track the NCI, investors can seek returns that align with the
cryptocurrency market in a diversified manner, gaining exposure to
multiple digital assets as this market continues to evolve and
mature. We are actively considering other vehicles and wrappers to
bring these capabilities to a broader set of investors.”
“We have seen a developing maturity in the cryptocurrency
ecosystem,” said Sean Wasserman, Vice President, Global Head of
Index and Advisor Solutions, Nasdaq. “Our work with industry
partners such as Victory Capital and Hashdex furthers the
innovation in the digital asset space.”
“We set out to solve a problem we were having ourselves. We
wanted an institutional-grade index strategy that would allow us to
own beta in the crypto asset class,” commented Marcelo Sampaio, CEO
of Hashdex. “We created a dynamic index strategy that enables
non-U.S. investors to make allocations to the asset class, rather
than trying to pick winners. We are thrilled to partner with
Victory Capital and Nasdaq to bring our investment capabilities to
the U.S. market in the future.”
About Victory Capital
Victory Capital is a diversified global asset management firm
with $157.1 billion in assets under management as of April 30,
2021. The Company operates a next-generation business model
combining boutique investment qualities with the benefits of a
fully integrated, centralized operating and distribution
platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 10 autonomous Investment Franchises and a Solutions
Platform, Victory Capital offers a wide array of investment styles
and investment vehicles, including actively managed mutual funds,
separately managed accounts, active ETFs, multi-asset class
strategies, custom-designed solutions and a 529 College Savings
Plan.
For more information, please visit www.vcm.com or follow us:
Twitter and LinkedIn
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements may include, without limitation, any
statements preceded by, followed by or including words such as
“target,” “believe,” “expect,” “aim,” “intend,” “may,”
“anticipate,” “assume,” “budget,” “continue,” “estimate,” “future,”
“objective,” “outlook,” “plan,” “potential,” “predict,” “project,”
“will,” “can have,” “likely,” “should,” “would,” “could” and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond Victory Capital’s
control such as the COVID-19 pandemic and its effect on our
business, operations and financial results going forward, as
discussed in our “Risk Factors” and elsewhere in our Company’s
filings with the SEC, that could cause Victory Capital’s actual
results, performance or achievements to be materially different
from the expected results, performance or achievements expressed or
implied by such forward-looking statements.
Such forward-looking statements are based on numerous
assumptions regarding Victory Capital’s present and future business
strategies and the environment in which it will operate in the
future. Any forward-looking statement made in this press release
speaks only as of the date hereof. Except as required by law,
Victory Capital assumes no obligation to update these
forward-looking statements, or to update the reasons actual results
could differ materially from those anticipated in the
forward-looking statements, even if new information becomes
available in the future.
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version on businesswire.com: https://www.businesswire.com/news/home/20210609005184/en/
Investors: Matthew Dennis, CFA Chief of Staff Director, Investor
Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
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