Bitcoin Forum

Hi,

I am unrelated to this fund but the managers are friends of mine and I think this is a good idea to bring fresh fiat into crypto, it also may turn to be a good investment idea for you people already in crypto.

Here's the announcement:

I am pleased to announce the relase to the CryptoCoins hedge fund, result of months of work at CFA Consulting.

CryptoCoins is a hedge fund invested in crypto currencies, mainly Bitcoin. Based on the Nxt Asset Exchange (asset ID: 615502203617265072), it use it as the backbone for its trading, but since it is primarily aimed at attracting people from the non crypto world, it will be tradable directly in euros through the CCEDK exchange platform, chosen among other reasons for its quick reaction time.
It aims at hedging the risks associated with the high Bitcoin volatility.
The CryptoCoins hedge fund was backtested between October 2013 and October 2014:

http://i57.tinypic.com/3338x2s.jpg

Documentation is available for this fund here:
•   A six-page fund’s presentation (http://cfa-consulting.ch/dlfiles/CryptoCoins_Presentation_EN.pdf)
•   A fourteen-page procedure to learn how to buy the fund from the Asset Exchange (http://cfa-consulting.ch/dlfiles/CryptoCoins_AE_Procedure_EN.pdf)
•   A thirty-page procedure to learn how to buy the fund with euros from CCEDK (http://cfa-consulting.ch/dlfiles/CryptoCoins_CCEDK_Procedure_EN.pdf)
•   A two-page procedure to learn how to actively participate in the trading choices of CryptoCoins and earn money from it (http://cfa-consulting.ch/dlfiles/CryptoTips.pdf)


Updates concerning the fund can be found here (http://cfa-consulting.ch/en/cryptocoins).

Interesting, I've already visited CCEDK.com and bought some!

I am not sure about the risk, there seem to be "real people" behind this (check their website), but I couldn't find any registration information of a swiss company named "CFA Consulting". At least their whois entry leads to switzerland and is not anonymized!

Definitely interesting and with real names behind. I would buy some through the Nxt asset exchange but, as CryptKeeper wrote, the company registration number would be the icing on the cake  :D 

Yes, there are real people. I'm the CEO of CFA Consulting, and co-manager of the fund.
There are 3 reasons why you could not find that company registered in Switzerland:
1. It's not registered yet. We've had unwanted delays due to regulation, and we're hoping to fix that in the coming days.
2. It won't be registered in Switzerland in 2014. Maybe next year. For now, we're going for RAK.
3. The name CFA Consulting was not available in RAK, so we decided to create a holding instead.

More information on this forum, too: https://nxtforum.org/asset-exchange-general/cryptocoins-the-first-crypto-hedge-fund-bridging-euro-and-asset-exchange/

Thanks for clearing this up.

I'm not familiar with "RAK", could you please explain what it is?

Sure.
It's in the United Arab Emirates, just offshore Dubai.
We chose that location because for now, crypto currencies regulations worldwide are still in discussion, and we don't know what they'll look like in a few months/years.
RAK has no taxes and no mandatory accounting.
And since we'll be managing dozens of currencies and assets, which prices greaty varies every day, doing the accounting is quite difficult.
We do our accounting, but we think it would be very hard, lengthy, and expensive to comply to accounting regulations in this case.
So no mandatory accounting work well for us now.

We are pleased to announce the first CryptoCoins monthly report.

It can be downloaded here: http://cfa-consulting.ch/dlfiles/CryptoCoins_Report_2014-12_EN.pdf

Extract:

What's up with CryptoCoins?

No fund report since december, buy walls at AE and CCEDK vanished long ago.

Read about the whole drama here: https://nxtforum.org/asset-exchange-general/cryptocoins-the-first-crypto-hedge-fund-bridging-euro-and-asset-exchange/ (https://nxtforum.org/asset-exchange-general/cryptocoins-the-first-crypto-hedge-fund-bridging-euro-and-asset-exchange/)

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