Digital Asset Multi-Manager Fund

Digital Asset Multi-Manager Fund

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Alpha oriented

Actively managed fund of best-in-class investment managers across a set of excess return opportunities.

Diversified

Exposure to a diversified portfolio including absolute return strategies as well as strategies with a long bias.

Asymmetric investment outcome

The fund targets to participate in the crypto megatrend with larger up- than downside participation.

Key facts

Strategy manager Sygnum Pte Ltd
Strategy Diversified Multi-Manager
Legal structure Open-ended fund
Domicile Cayman Islands
Administrator Apex Fund Services
Auditor KPMG Cayman
Custodian Mainstream
Legal Allen & Gledhill, Walkers
Independent directors Calderwood
Swiss representation Acolin
Paying Agent Cantonal Bank of Geneva
Inception date 01 November 2019
Base currency USD
Management fee 1.5%
Performance fee (high watermark) A: 5% / B: 10% / C: 15%
ISIN (Class) A: KYG863391010 / B: KYG863391192 / C: KYG863391275
As of the end of last month.

Trading Information

Minimum ticket size USD 100,000
Subscription Monthly, 7-day notice
Redemption Quarterly, 60-day notice (12 months soft lockup)
Subscription fee Up to 5%
Redemption fee 3% (first 12 months)
Trading currency USD
Bloomberg ticker A: SYGDAMM KY / B: SYGDAMB KY

Portfolio metrics

Since inception 265.72%
Since inception, ann. 29.61%
1 year 61.93%
Best month 43.11%
Worst month -32.02%
Volatility 56.87%
Sharpe ratio 0.44
As of the end of last month

Portfolio breakdown

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      Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorisation or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

      Objective

      The investment objective is to provide exposure to a diversified set of excess return opportunities in the crypto market, including absolute return strategies as well as strategies with a long bias.  The fund targets to participate in the crypto megatrend with larger up- than downside participation. 

      Investment approach

      The fund invests across all core strategies, seeking out best-in-class crypto hedge fund managers that exhibit unique investment skills. The inefficiencies in the crypto space present greater opportunities for excess returns than traditional asset classes, and the fund aims to capitalise on these. The fund diversifies across strategies, both quantitative and fundamental, research oriented and trading oriented, including market neutral strategies such as arbitrage and systematic trading, as well as discretionary trading and fundamentally oriented token selection strategies. 

      The asset allocation is driven by the alpha opportunities for the various strategies over a medium-term horizon and risks are mitigated by diversifying the portfolio across strategies and managers. 

      Sygnum continuously monitors the underlying managers and assesses new managers for potential inclusion through an institutional due diligence process. 

      Risk/return profile

      The fund targets a 50 percent exposure to the market through a mixture of market long and market neutral strategies, and a reduced volatility relative to the market. The excess return achieved over time translates into greater upside than downside participation in the market. The fund invests primarily in liquid strategies, with a small maximum exposure to attractive illiquid strategies. 

      What can investors expect

      • Long-term capital appreciation through exposure to the crypto megatrend 
      • Excess returns over the Fund’s market exposure 
      • Reduced volatility and drawdowns relative to the crypto market  
      • Access to best-in-class managers at preferential fees 
      • Larger upside than downside capture ratio 

      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.

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      Investor qualification

      The following content is available to qualified investors. Please confirm your details below to visit this page, or please see our other digital asset updates here.

      Qualified investor - As defined in Art. 10 (3) ff. of the Swiss Collective Investment Schemes Act. In particular, natural persons who have the knowledge required to comprehend the risks of the investments based on their individual education and professional experience or based on comparable experience in the financial sector and hold liquid assets of at least CHF 500,000.

      A US Person is defined as (a) an individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organised under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income taxes regardless of whether such income is effectively connected with a United States trade or business.

      Disclaimer:

      The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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