All that you need to know about Portal Asset Management’s funds

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All that you need to know about Portal Asset Management’s funds

 All that you need to know about Portal Asset Management’s funds
Image source: Screen grab from Company website

Highlights

  • Portal Asset Management is an independent boutique adviser in the digital assets space that specializes in investing in listed cryptocurrencies and digital assets.
  • It has three underlying funds- The Portal Digital Fund, The Radiance Multi-Strategy Fund and The Horizon Index Fund.
  • Portal’s experienced team brings an institutional-grade investment approach combining both deep blockchain and crypto-asset experience with prudent fund management skills to provide a practical, operationally robust and risk-managed access to crypto assets.

The digital currency market is gradually formalizing and becoming regulated. With increasing acceptability, this market represents a new frontier for accredited investors to seek superior risk-adjusted returns, uncorrelated with traditional equity and debt markets.

Coming to investors’ rescue is a boutique fund management business, Portal Asset Management.

Getting acquainted with Portal Asset Management

Portal Asset Management is a boutique Fund Management business with operations in Singapore, Sydney and London. The company specializes in investing in listed cryptocurrencies and digital assets (crypto assets) through three underlying funds- The Portal Digital Fund, The Radiance Multi-Strategy Fund and The Horizon Index Fund.

These funds provide the investor with the choice to deploy to funds with very different strategies and volatilities to suit one’s risk appetite and return goals. They are operated at institutional standards with fund managers, administrators, auditors and independent custodians. All funds report monthly, and all provide the option of monthly redemptions.  

Data Source: Company website

Notably, Portal’s experienced team brings an institutional-grade investment approach, combining both deep blockchain and crypto-asset experience with prudent fund management skills. Portal provides a practical, operationally robust and risk-managed access to the nascent asset class of crypto assets.

Let us now dig deep into these three funds offerings from Portal-

The Portal Digital Fund- A Fund of Hedge Funds targeting < 20% volatility annualized

The Portal Digital Fund is essentially a global fund of hedge funds investing in fund managers that are running differentiated strategies in the listed digital currency space. These strategies are- quant-driven systematic, momentum, trend following, long/short trading, multi-strategy, high-frequency trading, arbitrage and DeFi-focused/thematic strategies.

Cayman-domiciled was the first fund established by Portal. It was incorporated on 21 November 2019 and went live with FuM on 1 May 2020. According to Portal the fund delivered 83% net fees in 2021.

Key features

  • All funds invested are liquid, providing the fund’s investors with monthly liquidity in subscription/redemptions.
  • The fund is constructed to target a volatility of 15%-20% per annum with steady returns of 25%-30%+ per annum over a three- to a five-year term.
  • The fund aims to be uncorrelated with traditional asset classes such as equities, real estate, bonds, commodities and gold, and manages risk prudently from a gross and net exposure, as well as sector and position-size perspective in order to preserve capital in down-markets.

Portal Digital Fund’s investment manager is First Degree Global Asset Management (FDGAM) and the administrator is Bolder Group, both domiciled in Singapore.

The Horizon Index Fund- An equally weighted index fund with a market volatility of 75%+

The Horizon Index Fund is a passively managed equally weighted index fund focused on replicating the performance of the top 25 listed digital assets and cryptocurrencies by market capitalization, excluding stablecoins.

Key features

  • The fund aims to give investors broad market exposure to the overall digital asset and the cryptocurrency market and will have volatility in line with markets at 75%+ p.a.
  • It is unhedged, passively managed and denominated in the AUD and is rebalanced monthly.
  • There are no performance fees, but a 3% management fee.

Boutique Capital is the investment manager and administrator of the Horizon Index Fund, with Gemini being the custodian. The main broker trading account is with Binance.

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The Radiance Multi Strategy Fund- An actively managed long/short crypto asset fund targeting 35%-50% volatility annualized which is half the market volatility and 1.2X market returns

The Radiance Multi-Strategy Fund is an actively managed multi-strategy hedge fund focused on thematic and fundamental investing in the digital asset and cryptocurrency space. This fund’s philosophy is based on identifying thematic trends, conducting industry and fundamental analysis and identifying the best-placed tokens to benefit and investing while keeping a close eye on valuation, liquidity, volatility, and a margin of safety.

The fund’s strategy mitigates risk and reduces volatility by investing in diversified tokens across various layers of cryptocurrency, DeFi, smart contract and the NFT stack. It uses short-dated puts to hedge and also adheres to a disciplined and detailed approach to portfolio management that relies on a rigorous research process, measurable and replicable.

Key features

  • The fund follows a “Barbell Strategy” that allocates 70% of FuM to the top 20 ideas in the top 100 crypto assets and then 20% of FuM to alternative tokens that are nascent and outside the mainstream with a longer-term view.
  • The portfolio is constructed to outperform the overall crypto asset market net of fees per annum with a volatility of 35%-50% annualized.
  • The main competitive advantage lies with investment committee members that have considerable experience as an investment team in both research and fund management within the digital currency and blockchain space.

What is a Multi-strategy Fund?| Insights from Portal Asset Management on Radiance, Mr. Deryck Graham

The Radiance Multi-Strategy Fund’s investment manager is AK Jensen, the administrator is Apex, and the custodian is BitGo. The main broker trading accounts are with Binance, Kraken, Bitfinex, Deribit and CoinbasePro.

Through Portal, investors can avail simple to invest, institutional-grade funds that give broad exposure to the emerging digital asset class. 

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

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