Global Fund Management launches new mixed asset arbitrage fund
Global Fund Management, the asset management arm of the GDA Group, has launched its latest venture, the Avalon Fund. The fund is being launched by 12 Peers Capital, in partnership with GDA Capital, to provide a mixed asset arbitrage vehicle offering short and long exposure into digital assets, equities, and fixed income products.
“Our mission is to create long-term value for our investors through the identification of digital asset strategies that generate alpha, while also limiting potential downside by generating yields from traditional market exposure like equities and bonds," says GDA Group COO Zachary Friedman.
“To successfully manage and grow investment capital in the marketplace of today, a Fund Manager needs to have proven diversified strategies and asset allocations. By partnering with GDA we further strengthen our ability to invest confidently in the digital asset sector,” says Gord Ferguson, 12 Peer Capital CEO and Managing Director of the Avalon Fund.
The mixed-asset investment thesis from the Avalon Fund includes decentralised assets and mining infrastructure assets, equities, and fixed income products such as options and derivatives. This asset allocation gives the Avalon Fund strategic positioning to maximise short-term market opportunities while insulating shareholders from macro volatility. The fund has engaged Circle Investment Support Services (USD) LLC as the fund administrator, Northern Trust as the custodian, O’Neal Webster as the legal counsel and Deloitte & Touche as the auditor.
Asset management at The Avalon Multi-Asset Strategy Fund, Ltd is carried out by a highly specialised and well-equipped group of 10 directors, analysts, and researchers including Gord Ferguson, who brings a significant background with alternative asset investments, and David Shafrir, Executive Chairman of the GDA Group.
“Launching Avalon is the culmination of months of hard work, and brings the GDA Group one step closer to our long-term goal of creating stronger institutional onramps that make digital assets more accessible and desirable to the traditional investment community. Avalon, and all of Global Fund Management’s upcoming investment products will offer more sophisticated exposure into one of the best performing asset classes of the last decade,” says David Shafrir, Executive Chairman of The GDA Group and Director of the Avalon Fund.