Global Series Sicav - Digital A Fund is the first Notified AIF fund which invests in Crypto related
Updated: Jan 1, 2021
DIAMAN PARTNERS LTD.
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PRESS RELEASE La Valletta (Malta) 01.10.2019
Global Series Sicav - Digital Asset Fund is the first Notified AIF fund which invests in Crypto related securities in Malta.
For most people, investing in crypto assets is still very difficult and even more risky. But today there is good news: it can be done through a sub-fund of a Notified Alternative Investment Fund (AIF) of the Global Series SICAV under Maltese law.
Its name is Digital Asset Fund.
Digital Asset Fund (the ‘Sub-Fund’) is a sub-fund of Global Series SICAV Plc which is a Notified AIF under the Investment Services Act (List of Notified AIFs). The Sub-Fund is predominantly invested in collective investment schemes which directly and indirectly invest in cryptocurrencies. An alternative fund that makes the Crypto Currencies asset class accessible to the asset management industry.
The management of the fund is delegated to DIAMAN Partners Ltd, a Maltese company licensed by the MFSA which belongs to DIAMAN group, which has been active in financial innovation in Italy and Europe for the last 20 years.
Daniele Bernardi, CEO of DIAMAN Group, explains: "For the first time in Malta a NAIF fund that forms part of the List of Notified AIFs is ours! This result has been possible thanks to a well-articulated idea, to the determination of DIAMAN Team, to the collaboration with the AIFM company, Framont & Partners and to months of careful and passionate work to present the project to the competent authorities with all the papers in order. We have co-operated with experts who have impeccably managed the various tasks in the related areas: legal, commercial, investment, technological."
The actual launch is scheduled for the first week of October: the subscription is reserved for professional and qualified clients but, through the openPHInance platform of DIAMAN (www.openphinance.com), it will be possible to purchase a share as part of a wealth management programme.
Digital Asset fund is harmonized, so the tax rate will follow that of traditional funds.
For DIAMAN the approval of the fund is a further step in a PHI Token project that aims to bring the world of traditional finance closer to the interesting universe of Crypto, a new investment asset class that has been difficult to access until now, and that today becomes a great opportunity to diversify your asset allocation thanks to Digital Asset Fund.
The CEO, Daniele Bernardi, explains also in his recent e-book available on Amazon, “The Genesis of Crypto Assets. Gaining investment risk and opportunity awareness with quant strategies and applied concepts!”, that he wants to open up to the asset management industry the possibility of benefiting from these products that he himself has studied and manages with a quantitative approach, always in the DNA of the company, DIAMAN and its partners.
"The Crypto Assets are to be included in a portfolio in small, homeopathic doses. We use them as we add chili pepper to a dish of clam spaghetti. It doesn't need much, but a pinch enhances the flavour of the dish."
The recipe of DIAMAN, which today celebrates an important success with the approval of the Block Rock fund, is therefore based on some fundamental ingredients: the main Cryptos, knowledge of the industry, field experience, solid expertise and management transparency thanks to the use of non-discretionary quantitative models. Last but not least, the technology that is involved even in the process that leads to investment decisions.