U.S. Markets closed

EQONEX's Asset Management Business Records Strong Performance, Reflecting Growing Institutional Interest in Crypto

  • Oops!
    Something went wrong.
    Please try again later.
·5 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

EQONEX Asset Management Celebrates Two-Year Anniversary

SINGAPORE, Dec. 15, 2021 /PRNewswire/ -- Strong business performance, increasing regulatory clarity and a growing institutional appetite for crypto market exposure have proven to be the catalyst for impressive performance and strong levels of interest in EQONEX SA, the asset management arm of digital assets financial services company EQONEX Group (NASDAQ: EQOS).

EQONEX SA was created to provide qualified investors with access to the unique alpha opportunities created by inefficiencies found in crypto markets. Since its inception in November 2019, the business has grown 10-fold in assets, and today oversees more than 30 million USD. Due to high levels of investor interest and strong returns, the company prematurely reached its target for assets raised under Early Bird terms and will be closing the round after 1 January 2022.

"Our team has been actively researching the crypto space since 2018, before making our first investments exactly two years ago, in late 2019. Since that time, our investment program has delivered a novel way to access market neutral strategies and a well-diversified portfolio underpinned by trusted expert managers. Our investors benefit from the opportunity to become involved in crypto without the volatility of directional investments, and with the reassurance that managers have passed rigorous due diligence and ongoing evaluation," said Shane Edwards, Head of Investment Products at EQONEX Group.

"We have met with and reviewed more than 400 managers and teams that are active in crypto strategies to identify an investible universe of around 80 funds. The breadth and scope of today's industry is revealing and offers a unique opportunity for alpha extraction. We are seeing more and more experienced traders deploying strategies, which is very encouraging for the future," said Thomas Chladek, Bletchley Park Portfolio Manager.

"EQONEX SA offers a unique value proposition in the marketplace, bringing together a team with unparalleled industry expertise with the power of the broader EQONEX cryptocurrency ecosystem which provides regulated infrastructure and products. The business has realized fantastic performance metrics on a predominantly market neutral strategy, demonstrating why traditional hedge fund investors are increasingly looking towards crypto alpha strategies," said Richard Byworth, CEO of EQONEX Group.

EQONEX SA is operated with institutional-grade governance processes and a risk centric approach with a focus on liquid opportunities.

About EQONEX Group

EQONEX Limited is a digital assets financial services company focused on fairness, governance, and innovation. The group encompasses cryptocurrency exchange EQONEX as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform, Access Trading, a securitization advisory service EQONEX Capital, market leading hot and cold custodian Digivault, and asset manager Bletchley Park.

For more information visit: https://.group.eqonex.com.

Follow EQONEX on social media on Twitter @eqonex, on Facebook @eqonex, and on LinkedIn.

This press release is provided by EQONEX Limited (f.k.a. Diginex Limited "Eqonex") for information purposes only, is a summary only of certain key facts and plans of Eqonex and includes forward looking statements that involve risks and uncertainties. Without limitation, the press release does not constitute an offer or solicitation in relation to any securities or other regulated products or services or to make use of any services provided by Eqonex, and neither this press release nor anything contained in it will form the basis of any contract or commitment whatsoever. This press release has not been reviewed by any regulatory authority in any jurisdictions. Forward looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Eqonex's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: Eqonex's limited operating history and history of net losses; Eqonex's ability to execute its business plan; the rate and degree of market acceptance of Eqonex's products; failure to obtain the requisite regulatory licenses and qualifications or establish partnerships with entities in certain jurisdictions to satisfy regulatory requirements; changes in laws or regulations; litigation and regulatory risks; Eqonex's inability to successfully identify, hire and retain skilled individuals; competition; Eqonex's inability to successfully develop technology to service its business lines and keep pace with rapidly changing technology and client or regulatory requirements; risks of cyber incidents; reliance on vendors and third-party service providers; inability to protect or preserve its proprietary rights and the risk of infringing on the intellectual property rights of others; potential conflict of interest arising from managing different business lines; risks of employee misconduct and manipulation of distributed ledger networks and smart contract technology by malicious actors; risk of Eqonex losing access to its private keys or data loss relating to its digital asset investments; the ability of Eqonex to grow and manage growth profitably; general economic and market conditions impacting demand for Eqonex's products and services; risks of doing business in Hong Kong; and other business line specific risks and such other risks and uncertainties included in Eqonex's Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") on June 30, 2021, including those under "Risk Factors" therein, and in Eqonex's subsequent filings with the SEC, which are available on the SEC's website at www.sec.gov.

In addition, any forward-looking statements contained in this press release are based on assumptions that Eqonex believes to be reasonable as of this date. Eqonex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

Copyright (c) Eqonex Limited 2021.

SOURCE EQONEX