Investment Objective
CryptoSurfers Fund, part of an Alternative Investment Fund (AIF) registered in Luxembourg, selects promising cryptocurrencies and decentralized finance (DeFi) projects with real-world financial use cases, high liquidity, a proven track record, and backed by a strong community.
The Fund will discretionarily invest in various digital assets, such as highly liquid cryptocurrencies, decentralized finance (DeFi) tokens, early-stage tokens and NFT project tokens. The fund aims to generate substantial risk-adjusted returns over Bitcoin and Ether, using a multi-strategy approach based on fundamental, technical, cyclical and on-chain analysis.
The primary objective of the Fund is to OUTPERFORM the holding of ETHER and BITCOIN over the long term by covering ALL major crypto sectors with an optimized risk/reward ratio.
The basic approach is medium/long-term oriented with a "Long-only based on fundamentals with monthly rebalancing" strategy. A minority part of the portfolio can be used for short-term trades with or without leverage with opportunistic trading strategies based on technical, cyclical, quantitative and on-chain analysis.
Key Benefits
In-Kind
The investor can subscribe directly from a personal wallet, reducing conversion and transaction costs.
Multiple Platforms
Using multiple trusted custodians to mitigate single-point of failure risks.
Diversification
The allocation to multiple cryptocurrencies provides exposure to a broader market that has even outperformed bitcoin in recent years bringing diversification risks.
Digital Asset Exposure
The fund provides an accessible exposure to the digital asset industry through a Luxembourg-licensed vehicle.
Strategy Performance
Performance comparison between major cryptocurrencies (Bitcoin and Ethereum) and the Track Record of CryptoSurfers Trading Strategy.
In the previous cycle the CryptoSurfers team gained significant experience in the sector achieving results above x50 in three years (2019-2021).
Despite bitcoin having generated an average annualized return of 230% over the past decade, less mature assets such as ethereum and other cryptocurrencies have outperformed even bitcoin by at least a factor of 10x in recent years. With smart contracts enabling Decentralized Finance (DeFi) services such as peer-to-peer crypto trading (DEX), asset management, loans, and interest accounts, this sector has seen meteoric growth. As retail and institutional adoption increases, we believe this trend will continue to accelerate in the upcoming years.
Past performance of the Asset Manager is not necessarily indicative of future performance.
Key Terms
Fund Details
(1) To incentivize long-term holdings, the redemption fee is decreasing over time
(2) The minimum amount of subscription may be waived at the sole discretion of the Fund Manager (General Partner)
(3) Possible with higher frequency with an ad-hoc calculation, but additional fee may apply
Potential Risks
This investment in this fund involves a high degree of risk and should be regarded as a long-term investment. For all Investors, the investment will be made with the intention of seeking to diversify the risks of the typical investor's portfolio of investments. An investment in the capital of the Partnership involves certain risks, including, but without limitation, the risks below:
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Volatile markets may cause the price to increase as well as drop significantly within a short period of time, and Fund Investors may not realize their initial investment;
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The bitcoin price may be negatively affected by multiple factors including, but not limited to, supply and demand, investor sentiment reacting to related news, the global financial markets, and other political or macroeconomic events;
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Through an allocation of assets to the Coin Lending practice, although increasing the portfolio’s performance, it potentially increases risk with the exposure of counterparty risk from the lending platform, such as exploited technical vulnerabilities or creditors defaulting caused by a failure of automatic repayments resulting in a loss of capital.
Fund management – Bonalp Management Sàrl
Knowledge
We deeply understand the industry from an operational, financial, technical, regulatory and legal perspective.
Experience
Our team has more than 50 years of combined experience in asset management and hedge funds.
Commitment
We put our money where our mouth is. Each shareholder of the GP has invested personal capital in the fund to ensure everyone has skin in the game.