Starboard Sygnum BTC Alpha Fund
Attractive yield on Bitcoin
Combined directional BTC exposure and market-neutral yield overlay, aiming for largely market-neutral returns on top of BTC price performance.
Institutional-grade infrastructure
Institutional-grade infrastructure and operational processes, including trading, custody, multi-dimensional risk management and fund governance.
Ease-of-access
Monthly liquidity through a Cayman Islands Fund (Exempt Company).
Performance metrics
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Objective
The Fund’s investment objective is to outperform BTC. The Fund will seek to generate consistent, risk-adjusted returns employing a market-neutral arbitrage strategy with Bitcoin as reference asset. The strategy is designed to capture inefficiencies and pricing dislocations across centralized exchanges and instruments, including perpetual swaps, futures, options and spot markets.
Investment approach
The Fund generates returns both from the directional BTC exposure and through arbitrage strategies on centralized crypto exchanges, trading crypto spot and derivatives. The strategy is designed to generate largely market-neutral returns on top of BTC price performance. Key risks include counterparty and custody risks from exchanges, operational and technology risks linked to trading systems, liquidity risk in stressed markets, and ongoing regulatory uncertainty. Use of leverage in derivatives may also amplify potential losses.
Risk-/return profile
The product combines directional BTC exposure with a derivatives overlay. It aims to achieve significant returns both through capital appreciation on BTC and the yielding component, delivering stable returns relative to BTC.
What can investors expect
- Directional exposure to BTC
- A market-neutral derivatives overlay providing yield not dependent on crypto beta
- Proven arbitrage framework with scalable execution
- Institutional-grade infrastructure, custody and governance
- Experienced team in trading, investment and blockchain technology
How to invest
Sygnum clients can invest via their Sygnum relationship manager. Institutional and private qualified investors can contact the Sygnum Asset Management team directly.