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Apollo Capital cryptocurrency fund — October 2020 review

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A professionally managed portfolio of crypto assets for wholesale investors

If you’re a wholesale investor looking to gain exposure to cryptocurrency, the Apollo Capital Fund could be worth a closer look. Australia’s first crypto fund, the Apollo Capital Fund is an actively managed portfolio of cryptocurrencies designed to make it easier to invest in this emerging class of digital assets.

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is the Apollo Capital Fund?

The Apollo Capital Fund is a professionally managed portfolio of cryptocurrency assets. With a minimum buy-in of $50,000, the fund is for wholesale clients only.

It aims to simplify the process of gaining exposure to crypto markets, with the Apollo Capital team taking care of the research, valuation and analysis of crypto assets as well as portfolio construction and trading on digital currency exchanges.

With a recommended minimum investment time frame of three years, the Apollo Capital Fund is underpinned by four key strategies:

  • Actively managed liquid crypto positions
  • Selective ICO investments
  • Opportunistic trading
  • Statistical arbitrage

Launched in 2018, the Apollo Capital Fund is managed by a team with experience in funds management, venture capital and crypto analysis. The team is led by Domenic Carosa, the CEO of ASX-listed global mobile entertainment company Crowd Mobile Ltd, and CIO Henrik Andersson.

Performance of the Apollo Capital Fund

The table below details the performance of the Apollo Capital Fund in the first nine months of 2018. Please note that past results are not a reliable indicator of future performance.

Month (2018)Unit priceReturn*
February$1.05175.17%
March$0.6936-34.05%
April$1.006145.06%
May$0.8007-20.42%
June$0.6669-16.71%
July$0.68122.15%
August$0.6077-10.79%
September$0.5614-7.63%

*Return is net of all fees. Information taken from apollocap.io/performance

Go to Apollo Capital's website

Who can invest?

The Apollo Capital Fund is only open to applications from customers who qualify as wholesale investors as defined by the Corporations Act 2001 (Cth).

There are two main ways that a customer can qualify as a wholesale investor:

  • If you have earned more than $250,000 per year for the past two financial years
  • If you have more than $2.5 million in assets

You’ll need to provide a certificate from a qualified accountant as part of the application form to confirm that you meet the eligibility criteria.

Fees

There are no entrance fees if you choose to invest any money with Apollo Capital. However, you will need to be aware of the following charges:

  • Fund management fee: 2%
  • Performance fee: 20% (subject to a “high water mark”, which is the highest peak in value the fund has previously reached)

Security of funds

Apollo Capital claims to employ best-practice security measures in order to protect client funds. It stores the majority of crypto assets in encrypted wallets offline and redundantly in multiple locations. In order for those wallets to be unlocked and funds moved, multiple signatures from key personnel are required.

Apollo Capital has also engaged a third-party security consultant to verify its crypto storage processes.

Next steps

If you’d like to find out more about the Apollo Capital Fund, you can submit a request for further information, including an Information Memorandum (IM), by providing the following:

  • Your name
  • Your email address and phone number
  • Your state or territory
  • Details of how you heard about Apollo Capital
  • Your message

Before applying, please remember that the fund is only open to those who qualify as wholesale investors.

Go to Apollo Capital's website

FAQs

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Image: Shutterstock
Disclosure: At the time of writing, the author holds ADA, ICX, IOTA, POWR and XLM.

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