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Nickel Digital Asset Management reports strong 2023 performance, surpassing key financial indices
Invest
Nickel Digital Asset Management reports strong 2023 performance, surpassing key financial indices
London's Nickel Digital Asset Management, a leading digital assets hedge fund, celebrated a stellar year with returns that significantly outpaced both hedge fund indices as well as traditional financial indices.
Nickel Digital Asset Management reports strong 2023 performance, surpassing key financial indices
London's Nickel Digital Asset Management, a leading digital assets hedge fund, celebrated a stellar year with returns that significantly outpaced both hedge fund indices as well as traditional financial indices.
The Diversified Alpha Fund, the company's flagship multi-strategy offering, garnered a 20.1% return for 2023. In December alone, the fund achieved a 4.8% increase, bringing its impressive yearly total to fruition. This robust performance strongly outstripped major sector benchmarks, including the HFRX Absolute Return Index's 3.0%, the HFRX Global Hedge Fund Index's 3.1%, and the HFRX Equity Market Neutral Index's 4.2%.
The Digital Liquid Venture Fund, focussed on capitalising on the growth of digital assets beyond Bitcoin, finished December up 32.4%, accumulating an extraordinary 138.2% for the year. This fund competently outperformed the Bloomberg Galaxy DeFi index, which returned 57.5% in the last year, and also dwarfed returns from the FTSE 100 at 2.4%, the S&P 500 at 24.23%, and the Nasdaq 100 at 53.8%.
Nickel Digital, founded by former professionals of Bankers Trust, Goldman Sachs, and JPMorgan, offers institutional-grade access to the digital assets market. The Diversified Alpha Fund is described as "a non-directional multi-strategy digital asset fund which wraps a portfolio of attractive but hard-to-access and capacity-constrained strategies into a single, investible fund with a historical volatility of below 10%." It aims to produce non-correlated returns in all market conditions, driven by varied market signals and strategies, including momentum and mean reversion trades, relative value, statistical arbitrage, and systematic trading. The fund's risk management infrastructure allows for real-time risk control, operating continuously throughout the week.
The Digital Liquid Venture Fund targets the expansion of the digital asset universe outside of Bitcoin, with a spotlight on early innovators in protocols and Decentralised Finance, considered by many as the frontier of financial innovation. This actively managed fund focuses on research to pinpoint early winners, dynamically allocating investments to exchange-traded digital tokens based on multiple factors including use cases and market leadership.
Both funds reflect Nickel Digital’s commitment to harnessing growth opportunities within a robust risk management framework, illustrating the potential of digital asset investment strategies to outperform traditional financial instruments.
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