• Tue. Mar 19th, 2024

Spain To Host First Crypto Hedge Fund Prompted By Crypto Investment Company

Avatar

By

Feb 27, 2021

Avenue Investment Crypto – a Spanish investment firm – has announced launching of its very own “Crypto Hedge Fund”. Says that the newly launched fund is one of the kind crypto hedge fund in Spain. Also wishes to attract clients from other European countries by extending services there. Martin Huete (an advocate appointed by the firm) assisted the firm in getting the fund registered with the Authorities in Malta.

It has been reported in Spain that a new “crypto hedge fund” has been launched by a company called Avenue Investment Crypto. The company is already related to crypto world however has recently launched hedge fund services.

It was informed by the firm that the newly launched fund is the first of its kind as there isn’t any other crypto fund available in Spain. For the purpose of registering the fund in Malta, the firm engaged services of an advocate named Martin Huete. Heute later on has confirmed registration of the hedge fund.

With regard to further details of the hedge fund, the firm has informed that the fund will be targeting designated clients. For instance, it is proposed that only those investors will be allowed to utilize the hedge fund facilities who can inject at least 100,000 Euros. This means that a minimum of US$ 120,600 investment is required to avail hedge fund facilities.

(Advertisement)Artificial Intelligence Crypto Trading
CypherMind-HQ.com Artificial Intelligence Crypto Trading System – Get Ahead of the Curve with this sophisticated AI system! Harness the power of advanced algorithms and level up your crypto trading game with CypherMindHQ. Learn more today!


The company has further informed that apart from the minimum investment, further proof would also be required from the clients. Each client will have to prove to the company that the client owns assets worth Euros 750,000.00 (i.e. US$ 904,900).

Though the hedge fund has been made functional just now, however, the product was there since 2019. The company took its time to launch the fund and in the meantime streamlined its commercial operations through Huete.

It has been apprised by the company that the clients will be allowed to invest in Bitcoin (BTC) as well as Ethereum (ETH). However, there are several other cryptocurrencies too which can be invested in, but the company hasn’t disclosed all of them yet.

The investment could be made on the basis of native fiat currency i.e. Euro. However, USD hasn’t been enlisted intentionally as an alternate source for making up the investment. Similarly, the returns will be offered to the clients on the basis of Euros as well.

The nominated people, who would be looking at the day-to-day affairs of the hedge fund, are Francisco Gordillo and Arne Vaagen.

Vaagen has vast experience in the field of managing hedge funds. He had created a hedge fund in 1999 called Futuris which was launched with the collaboration of Brummer & Partners. Meanwhile, Gordillo too is a veteran hedge fund manager who had 25 years of experience with major financial institutions. For the past 9 years he has been studying and working on digital assets from various angles.

 After launching hedge fund, the firm showed its willingness for expanding its crypto hedge fund services in other European countries.

Avatar

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss Out On CypherMindHQ

#1 Artificial Intelligence Crypto Trading System

Sign Up Now

Try Crypto Engine With a Trusted Broker