London Hedge Fund Platform Falcon Investment Management Preps Crypto FoHF
London platform Falcon Investment Management is planning to launch a fund of crypto hedge funds with the goal of raising $250 Million for the new product over the next year.
Due to debut in January, the Cayman-domiciled Falcon Fund of Funds will initially invest in five crypto-focused hedge fund teams that sit within Falcon’s platform and are subject to the firm’s risk and compliance controls.
The five separate teams manage arbitrage, market neutral, volatility, directional, and DeFi focused crypto strategies. The fund will charge 1 and 15, with monthly liquidity. There in an investment minimum of $100,000.
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The plan is to equally allocate investor capital across the five strategies, four of which were collectively up 42.08% YTD at the end of November. Performance for the DeFi strategy will be factored in after it hits its six-month track at the end of this year.
Falcon was one of the first UK fund managers to support a crypto-focused hedge fund product, launching the first such fund at the start of 2019.
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The firm offers a regulatory hosting platform and assists managers launching funds and managed accounts, alongside first-loss capital solutions for traditional assets.
“For investors, especially large institutions, it can be a real pain-point to access this increasingly active asset class. We recognize the need to provide a diversified and scalable crypto product, which provides exposure to a large part of the crypto market under one fund structure.” says Benny Menashe, CEO of Falcon.
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