Paramount ICO Capital LLC Hedge Fund

in #ico7 years ago

Hey fellow members,

We would like to announce a project we are currently undergoing and wish to get to get some feedback in return. Please feel free to ask questions, the more the better.

It is best to visit our new website which describes what we do in more detail: www.paramountico.com

Essentially what we are trying to do is create a "Hedge Fund" in the cryptocurrency space. My partner and I have a vast amount of experience investing money in the equities and FX markets (I work for Royal Bank of Canada and my partner works for a Private Company called Just Energy). Our jobs entail investing a large sum of money which includes pension money from Manulife. Cryptocurrencies are something new to us but we are excited to get our toes wet, for the lack of a better word. Since ICOs and cryptocurrencies in general are only now being introduced to the mainstream, it comes with its own challenges, especially concerning security, liquidity, manipulation and transparency. It is also difficult for an average joe to perform research on companies that offer ICOs. Given our experience investing into equities and FX, we believe we have the right tools to perform proper research to increase our chances in finding ICOs that have true potential for growth.

We are planning on opening a hedge fund, Paramount ICO Capital LLC, which is structured as per below. The fund will be an ICOs within itself, we are planning on issuing 100,000 coins in the first round (still in the process of figuring out the details) and using those funds to invest.

ICOs - 45%
Cryptocurrencies (Bitcoin and Ether) - 25%
Equities - 30%

  1. ICOs - The nature of the fund is to search through various ICO offerings and find the ones with growth potential that will provide solid returns.

  2. Cryptocurrencies - Given our experience within the FX market, we believe we can use Bitcoins and Ether investments for short-term trading and hedging purposes.

  3. Equities - Equities are generally uncorrelated to the performance of cryptocurrencies and ICOs. Having 30% of the funds invested in equities will stabilize volatility, essentially providing a hedging mechanism, while also providing returns.

The above is a short description of what we are trying to do. Please ask any questions, post any comments or concerns you may have and we will do our best to answer all.

Thank you,

Sort:  

ICO investing in a hedge fund along with some of the mainstays, BTC and ETH and equities? Regular old stocks? They don't correlate based on what data and over what timeframe? None really as ICO's are so new and BTC is less than 10 years old and ETH younger. While I like the idea that they don't correlate with each other, there isn't enough data to back it up. Good luck with the fund and if you need investors, let me know.
I own stocks and many crypto's and believe in their future.

Coin Marketplace

STEEM 0.20
TRX 0.14
JST 0.030
BTC 67975.29
ETH 3240.67
USDT 1.00
SBD 2.66