Regulated Cyprus-based hedge fund, ARK36, has announced that during the last quarter of 2020 it produced a return on investment of over 118% by focusing exclusively on the bitcoin and cryptocurrency markets.
The fund was launched in October, so this was its first quarter of operation ever.
Moreover, in 2021 it has already delivered returns of more than 50%, with four times as many investors and more than €12 million in assets under management.
Management of the fund is Danish, involving Ulrik Lykke, Mikkel Mөrch, Jacob Skaaning and Marck Bertelsen, who believe that the potential of cryptocurrencies as an asset class will continue to grow over time. Therefore, the fund primarily trades long positions in these assets.
The objective of this fund is to provide clients with risk-adjusted returns, thereby minimizing exposure to the risks of these markets as needed.
ARK36’s portfolio is diversified, based on a basket of different crypto assets that have the potential to increase in value over time. The fund is actively managed, with portfolio managers making their investment decisions based on the current market situation, dynamically allocating funds into different types of crypto-assets to ensure the best potential return while minimizing exposure to risk or violent market movements.
It is a fund aimed at professional investors, such as high net worth individuals, family offices and other funds, and requires a minimum participation threshold of €120,000.
In addition, to support the fund’s growth, the ARK36 team has been doubled to 10 full-time employees and is recruiting additional staff in particular to expand its IT team responsible for the tailored solution that allows its investors to track investments in real-time.
ARK36 co-founder Ulrik Lykke said:
“Last October’s launch of ARK36 was the culmination of years of planning, so it is gratifying to see the robust shape in which we now find ourselves. We’ve started the new year in spectacular fashion and are thrilled with excitement to see what the rest of the year has in store for us”.