Apis Capital Management lists first tokenized hedge fund on Nasdaq Fund Market
NEW YORK, Oct. 31, 2018 /PRNewswire/ -- Apis Capital Management became the first asset management firm to offer a tokenized investment option earlier this year, when it launched the Apis Token, leveraging the Stellar blockchain protocol to provide security and liquidity that is vastly superior to traditional investment structures. Last month, Nasdaq Fund Network, a leading platform for mutual funds and hedge funds, listed the Apis Token (under symbol ZAPISX) making it available on networks ranging from Bloomberg's Terminal to Yahoo Finance. Apis Token is also registered with the Cayman Stock Exchange.
Apis Capital Management focuses on volatility trading, with a concentration on VIX (Volatility Index) futures, S&P 500 Index options, and volatility based ETNs. The management team at Apis is comprised of industry veterans who have applied their extensive market experience and data analytics to create innovative strategies. Using advanced algorithmic and machine learning technology, Apis has been able to create accurate models of volatility, allowing it the potential to profit by capturing discrepancies between predicted and actual market conditions. There is of course, also a risk of loss and past performance does not guarantee future results. Going beyond the traditional short volatility trading style employed by others, Apis Capital Management's strategies incorporate both long and short components.
Apis Capital Management's models have been successful in anticipating significant moves in volatility such as the spikes that occurred in August 2015, February 2018 and most recently in early October 2018. While these market events negatively affected asset managers who employed a more simplistic short volatility trading strategy, Apis was able to adjust its portfolio, limiting losses and preserving investor capital.
Currently, Apis Token is available only to foreign investors, while US accredited investors can invest through the ACM Market Neutral Volatility Strategy Fund LP.
Media Contact: Edgar Radjabli, 5618377311, [email protected]
SOURCE Apis Capital Management
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