Nickel Digital Asset Management (Nickel), the fast growing investment manager connecting traditional finance with the digital assets market, has appointed Simeon Tsonev as a Senior Option Trader.
Tsonev joins from BNP Paribas Asset Management, where he was a currencies portfolio manager in its emerging markets fixed income team. Prior to that role, Tsonev worked in FX options trading at Credit Suisse, where he had market making responsibilities for emerging markets currency options.
Tsonev started his career at Merrill Lynch and subsequently worked as an interest rates quantitative trader at DE Shaw & Co. He earned a BA in Economics & Political Science from Vassar College and a PhD in Economics from Columbia University.
Launched in early 2019, Nickel Digital currently has four funds investing in the digital asset space. It has seen its assets under management increase over fourfold in the last six months, with AUM now approaching USD200 million mark.
Anatoly Crachilov, Co-Founder and CEO of Nickel Digital, comments: “We are delighted to welcome Simeon to our growing team. Based on the strong performance of our funds and growth in assets under management, we have chosen to strengthen the team of traders and investment professionals with specialist skills relevant to this rapidly evolving market. Simeon will complement the team by bringing decades of investment experience gained at major financial institutions, as well as PhD degree in Economics from a premier US university.”
Tsonev comments: “The performance of Nickel’s funds is very impressive. As cryptoassets become part of mainstream portfolio construction with institutional investors initiating allocation to this asset class, I am excited to be joining a dynamic and successful team that focuses exclusively on this market and is driven by a mission of accelerating adoption of digital assets.”
Nickel currently has four funds investing in the digital asset space. Its market-neutral Digital Asset Arbitrage Fund pursues an absolute return strategy without taking a directional view on the underlying cryptoassets market. It exploits market inefficiencies and price dislocations and harnesses extreme swings of volatility to deliver consistent positive returns within a strictly defined risk management framework.
Nickel’s Digital Gold Fund, a bitcoin tracker, provides secure, efficient, transparent, and liquid access to physically allocated bitcoin, and is designed to remove existing complexities and inefficiencies in bitcoin index tracking products. It delivers institutional-grade precision of trade execution available on both weekdays and weekends with one of the lowest expense ratios.
The Nickel Digital Factors Fund is a multi-strategy fund designed to generate uncorrelated returns in all market environments, relying on a range of market signals and factors. Among the strategies it deploys are momentum, mean reversion, statistical arbitrage and relative value.
The most recent addition to Nickel’s family of funds, Digital Leaders Fund, is an altcoin fund, designed to capture the expansion of the broader digital assets market space.
