London-based Nickel Asset Management raised $50 million for first U.K.-approved crypto arbitrage hedge fund

Briefing

London-based Nickel Asset Management raised $50 million for first U.K.-approved crypto arbitrage hedge fund

October 17, 2019

Briefing
  • U.K. Approved Crypto Fund – Hedge fund manager Nickel Asset Management received approval from U.K. regulator Financial Conduct Authority (FCA) to launch first crypto arbitrage hedge fund, called Nickel Arbitrage Fund, targeted to experienced or institutional investors
  • Crypto Arbitrage – Leverages algorithmic trading strategies to secure gains from purchase and sale of cryptoassets that take advantage of volatility in prices
  • $50 Million Raised – Obtained and "soft closed" $50 million from funds of funds and family offices in U.K., Europe, North America and Singapore, which may reopen to new investors in late 2019
  • EU Regulations – Fund subject to European regulations allowing alternative investment funds to manage over $100 million in assets

Accelerator
Artificial Intelligence, Web3 Ecosystems, Tokens and Consensus Mechanisms

Market Disruption
AI-Driven Finance

Business Model and Practices

Business Model
and Practices
Data, Interfaces and Algorithms

Sector
Financial Services, Government (excluding military), Information Technology

Organization
Nickel Asset Management Ltd., U.K. Financial Conduct Authority (FCA)

Source

Original Publication Date
October 9, 2019

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