Apollo Capital cryptocurrency fund — October 2020 review
A professionally managed portfolio of crypto assets for wholesale investors
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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 price||Return*|
*Return is net of all fees. Information taken from apollocap.io/performance
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.
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.
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.
Disclosure: At the time of writing, the author holds ADA, ICX, IOTA, POWR and XLM.