Cloudbreak Asset Management were one of the first crypto hedge funds to launch in Australia. They aim to simplify the process for investors to be able to invest in the cryptocurrency asset class.
They have extensive experience in financial markets and have leveraged experience from this across to their approach to investing in cryptocurrency. Their initial investment approach is focused around offering a passive portfolio with the majority of digital assets being made up of more stable and higher market capitalisation cryptocurrencies. The investment methodology they have chosen to follow is to use a combination of technical, quantitate and objective qualitative analysis when deciding on the most optimal portfolio of cryptocurrencies.
Although Cloudbreak Asset Management only have a small team, they have made sure they have covered off on key personnel. This includes Matt Harry – Head of Investor Sales who has over 15 years experience in financial markets and a background in wholesale currency trading. Sam Lee – Head of Strategy who has experience in financial services and digital media then a technology and security director along with an analyst.
Cloudbreak Asset Management don’t disclose their fee model on their website and you would need to contact them to receive their IM to understand how this is structured.
Cloudbreak Asset Management launched in November 2017 with a return for the month of 15.5% and then 30.18% for December. These are excellent returns and inline with those experienced by other crypto hedge funds during this time. They’re yet to update their website with the January to March returns which we would expect to be in the single digits and perhaps negative. This would be inline with the overall cryptocurrency market and the returns experienced by Australian and global crypto hedge funds.
From an overall perspective and at the time of writing this article, Cloudbreak Asset Management appear to be one of two Australian genuine cryptocurrency hedge funds. They have a strong presence online through Google and have been participants at cryptocurrency events in Sydney and Melbourne.
Cloudbreak Asset Management are certainly on our radar and we’ll be keeping an eye on their performance over the next 6 months to see if they’ll be a good fit for Cryptochain Capital.