Rivemont Crypto Fund
Rivemont Crypto Fund
Rivemont has been appointed investment advisor to the Rivemont Crypto Fund, the Rivemont MicroCap Fund and the Rivemont Absolute Return Fund. Majestic Asset Management acts as manager of the three alternative funds and is responsible for their day-to-day operations, while Rivemont is responsible for managing the investment portfolio of these funds. The three alternative funds may be used in the construction of Rivemont clients’ portfolios when, in Rivemont’s opinion, these investment strategies are suitable for them. Units of the Fund are available under exemptions from the prospectus requirements in accordance with the National Instrument 45-106 Prospectus and Registration Exemptions and are, therefore, only available to qualified investors.
The Rivemont Crypto Fund, launched on December 14th, 2017, is aimed at qualified Canadian investors. It is currently the only actively managed crypto fund in Canada.
As of June 30th, 2019, the Rivemont Crypto Fund has offered a net year-to-date return of 135%.
The Rivemont Crypto Fund offers the widest selection of cryptocurrencies within its portfolio composition. It is always looking to expand this selection following the regulator’s approval, so it can maximize its return opportunities.
Rivemont is registered as a portfolio manager with the Autorité des marchés financiers (AMF), the Ontario Securities Commission (OSC), the Alberta Securities Commission (ASC) and the British Columbia Securities Commission (BCSC).
Cryptocurrencies have enabled investors to achieve exceptional returns since their inception in 2010. The objective of the Fund is to take advantage of the development of blockchain technology by identifying the most promising cryptocurrencies. Cryptocurrencies are analyzed using a fundamental approach coupled with the application of trend following rules at the time of purchase and disposition.
The Rivemont Crypto Fund is aimed at investors with a good risk tolerance in search of a high potential return. This Fund is also ideal for any investor wishing to diversify their portfolio with an asset having a low correlation to traditional asset classes. The Fund can be included in registered (RRSP, TFSA) and locked-in accounts (LIRA).
What is a Cryptocurrency?
While the answer to this question could fill a book, the short answer is that it is a purely electronic currency not created or regulated by any central authority. Basically, a cryptocurrency is a ledger containing all the transactions ever made using the coin. Instead of being held exclusively by a central authority such as a bank, the ledger, known as a “blockchain,” is distributed among all the actors in the network. It is fully public, immutable and protected by tight security.
In addition to decentralizing monetary exchanges, cryptocurrencies are much faster and more affordable than the use of the traditional banking system.
Advantages of Investing in Cryptocurrencies
Although cryptocurrencies have had explosive returns since their inception, the market capitalization is just over 336 billion US dollars as of July 8th, 2019. The good days of the industry are potentially yet to come. The Rivemont Crypto Fund aims to capitalize on this current opportunity in the market to maximize the return of its investors.
Although cryptocurrencies are risky and past performance never guarantees future returns, in the context described above, we believe that the return potential of an investment in certain cryptocurrencies is greater than that of more traditional funds. It is also a type of asset that is generally considered to be independent and uncorrelated to other asset classes in the market.
The history of the Rivemont Crypto Fund
|January 2010||Rivemont Investments is founded by Martin Lalonde, MBA, CFA
|May 2015||Launch of the Rivemont Absolute Return Fund, the first fund offered by Rivemont.
|December 2017||Launch of the Rivemont Crypto Fund.
|February 2018|| Rivemont obtains the authorization to add Bitcoin Cash, Ethereum Classic, Litecoin and Ripple
|March 2018||First cryptocurrencies traded by the Rivemont Crypto Fund. The Rivemont Crypto Fund becomes the first Canadian fund to trade a cryptocurrency other than Bitcoin.
|September 2018||Rivemont obtains the authorization to add Zcash to the Rivemont Crypto Fund.
The Rivemont Crypto Fund is currently the only actively managed Canadian crypto fund.
The Rivemont Crypto Fund Philosophy
The Fund is actively managed and aims to outperform the Barclay Cryptocurrency index. You can see the results so far recorded on the Fund’s profile at the top of this page.
Combining fundamental analysis with technical and trend analysis, the Fund is actively managed to minimize investor risk without sacrificing returns potential.