The Gemini Companies (Gemini) has shared market intelligence introduced during a panel discussion it recently hosted about the management of digital assets. The panel was organised as part of Gemini’s industry networking event on 13 February, 2018, at the HGU Hotel in New York City.
Panelists included: Marc Powers, Partner at BakerHostetler LLP; Todd Briggs, Partner, RSM US LLP; Scott Foster, Principal-Institutional Custody, Kingdom Trust; and Skyler Steinke, Senior Vice President of Business Development for Gemini’s hedge/alternative fund solutions.
The discussion, moderated by James Harvey, journalist covering cryptocurrencies for HFMWeek, addressed the rise of cryptocurrency-focused hedge funds and the legal, regulatory, and operational challenges related to managing these funds.
Briggs commented: “Cryptocurrency is a fast-growing asset class, and education is very important to ensure managers and investors alike can manage their exposure to cryptocurrency in a safe and compliant manner. We are grateful for the opportunity to educate members of our industry about this asset class at a time when it is receiving a great amount of interest.”
During the event, these senior industry professionals explored the complexities of emerging digital asset classes, including current best practices for navigating:
- Trading, valuation, and taxation of these currencies
- Legal and regulatory challenges
- Fees, liquidity, and share class structuring
- Compliance and anti-money laundering requirements
- Specific tools for portfolio management
Foster added: “The landscape for digital currencies is evolving daily, so it is imperative to have experts advising and handling fund operations, allowing the portfolio managers to focus on their alpha-generating activities.”
To learn more:
LISTEN TO: “Handling the Evolving Challenges of Digital Assets” panel
EXPLORE: Best practices for trading in digital currency
DOWNLOAD: Six questions you should ask before starting a ccryptocurrency fund
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