Israeli Crypto Investment House Launches Two New Funds for Institutional Clients
Silver Castle Ltd., Israel’s first dedicated cryptocurrency investment firm for institutional and accredited investors. The firm launched the two funds this month and plans to have $50 million under management by the end of 2018.
The firm, alleges to be the first dedicated cryptocurrency investment platform for institutional and accredited investors in Israel.
Silver Castle CEO Eli Mizroch told Bloomberg that the fund has been focused on building “very, very high security” infrastructure to provide institutions with exposure to the crypto market.
The first of Silver Castle’s two new funds is reportedly based on an algorithmic trading system that combines both long and short-momentum strategies for the five largest coins by market capitalization.
The two funds are focused on different aspects, the first will pick the 5 biggest cryptos by market cap and will be driven by long and short positions. The second fund offers a basket of the top 10 cryptos and will be fully invested and automated. The third fund, launching at the end of 2018, will invest in ICOs.
The company’s lineup includes Zvi Ziv, the former chief executive officer of Bank Hapoalim Ltd., Israel’s largest bank by assets; and Gabriella Ravid, founder and former CEO of Psagot Ofek Investment House, the country’s largest investment fund.
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