Business Daily Media

Men's Weekly

.

Kenetic bucks Crypto Market Trend with YTD 77% Returns in Investment Portfolio

  • Written by ACN Newswire
HONG KONG, Nov 15, 2018 - (Media OutReach) - Kenetic, a blockchain investment and advisory firm based in Hong Kong, has affirmed that its proprietary investment portfolio recorded year-to-date returns of 77% as of October 31, against a backdrop of major losses in the cryptocurrency market; Bitcoin has fallen over 50 percent in 2018 and the overall crypto market is down around 65%.

Kenetic's proprietary investment portfolio is comprised of its best ideas that have undergone thorough due diligence by its experienced investment team. Its alpha-generating strategies are largely focused on early stage investments, catalyst driven events and macro themes, complemented by prudent risk management and proprietary in-house trading tools.

"As active leaders in the global blockchain community, we see where the strongest investment opportunities lie and rising trends that are influencing traditional industries," said Daniel Weinberg, CEO of Kenetic. "During this volatile period, our proprietary investment portfolio continued to outperform many crypto funds as a result of our deep institutional investment experience and strong risk management."

To facilitate professional investor access to these opportunities, Kenetic and Venture Smart Asia Limited (VSAL), a wholly-owned subsidiary of Venture Smart Financial Group (VSFG), a Hong Kong Securities and Futures Commission-licensed corporation that provides wealth management and asset management services, have established a strategic partnership that will give qualified professional investors access to cryptocurrency investment funds.

Through this partnership, the two companies will work together to develop cryptocurrency investment funds for professional investors leveraging the respective expertise and resources of both entities. Distributed by VSAL, the new funds will offer eligible investors the ability to diversify their portfolios with digital assets across different passive and active strategies.

"VSAL and Kenetic have a strong partnership and are building institutional-grade investment products in the digital asset space," said Mark Brady, Executive Director at VSFG. "We work with the best partners to build products that will meet the highest standards of any buy-side institution. Pairing Kenetic's blockchain expertise with VSAL's customized asset management solutions will help institutional investors gain access to fund products that suit their needs."

About KeneticKenetic is a blockchain firm committed to expanding the development and adoption of blockchain technology through investments, advisory services, markets and trading. At Kenetic, we believe in building a sustainable community around blockchain, and have built a world-class team and network of partners across our platform of services. For more information, please visit www.kenetic.capital[1].

About VSFGVenture Smart Financial Group (VSFG) is a diversified financial services group that provides clients with customized asset management solutions through its subsidiaries to seize global investment opportunities. VSFG is committed to helping individuals, families and corporations meet their financial objectives. For more information, please visit http://v-smart.com.hk[2].

Venture Smart Asia Limited (VSAL) is a licensed corporation regulated by the SFC for types 1 (dealing in securities), 4 (advising on securities) and 9 (asset management) regulated activities pursuant to the SFO with CE No. BCO 369. v-smart.com.hk.

Contact:Jonathan Lee Edelman[email protected][3]HK: +852 2837 4774

Evonne LumKenetic[email protected][4]HK: +852 3890 7066

DISCLAIMERThis press release is for general information only and should be used solely for reference and not for any other purposes, commercial or otherwise. For the avoidance of doubt, this press release is not intended to be and does not constitute (a) investment advice or recommendation or (b) an offer to sell or issue or a solicitation of an offer to purchase or subscribe for any securities. This press release does not form the basis of and should not be relied upon in connection with any contract or commitment.

Topic: New market for productSectors: Currencies, Alternatives, FinTech/Chains[5][6][7] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ www.kenetic.capital (www.kenetic.capital)
  2. ^ http://v-smart.com.hk (v-smart.com.hk)
  3. ^ [email protected] (www.acnnewswire.com)
  4. ^ [email protected] (www.acnnewswire.com)
  5. ^ Currencies (www.acnnewswire.com)
  6. ^ Alternatives (www.acnnewswire.com)
  7. ^ FinTech/Chains (www.acnnewswire.com)

Read more http://www.acnnewswire.com/press-release/english/47846/

Work-life Balance Key to Solving Construction Talent Shortage

New data from leading talent company Randstad Australia shows flexible working and work-life balance could be critical to addressing ongoing talen...

How to Apply for More Jobs in Less Time Using AI Automation

Most job seekers spend 11 to 14 hours per week on applications and still hear nothing back. That's not a motivation problem. That's a process proble...

Why Middle Australia Is Quietly Driving the Shift Away From Car Ownership

The narrative around changing attitudes to car ownership has long focused on Gen Z. Younger Australians are often portrayed as the generation movi...

Launchd Acquires WeAreTENZING as ANZ Creator Economy Spend Nears $1 Billion

Launchd, Australia's leading talent-first creator economy group, has acquired WeAreTENZING, one of New Zealand's most respected talent agencies, b...

Time to punch above our weight and stop shadowboxing on AI

Australia prides itself on being an innovation economy. We celebrate startups, talk about productivity, and lean into our reputation for punching ...

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Led by seasoned capital markets veteran Mark Wang, the fund is purpose-built to serve Australia’s most productive yet chronically underserved busi...