Stockholm (HedgeNordic) – An all-Danish team is launching the first actively-managed regulated cryptocurrency-focused hedge fund in Cyprus, a country enjoying a growing cryptocurrency economy and a forward-looking regulatory regime. The Danish founders Ulrik Lykke (pictured) and Mikkel Mөrch, supported by Jacob Skaaning and Marck Bertelsen, are launching a hedge fund called ARK36 to deliver risk-adjusted exposure to crypto-assets for professional investors.
“The launch of ARK36 as an EU-regulated cryptocurrency hedge fund represents the culmination of two years of planning, market research and compliance work,” says ARK36’s Co-Founder, Ulrik Lykke. “We are excited to offer our digital asset investment services to professional investors looking to bridge the gap between traditional investment and this growing market, in a secure and risk-mitigated manner.”
The team behind ARK36 have been active investors in cryptocurrency markets since 2012. The founding team’s active management style builds on their experience of running privately-owned crypto investment vehicles prior to the launch of ARK36. The all-Danish team, which manages the fund out of Larnaca in Cyprus, seeks to capitalize on the growing cryptocurrency market and help professional investors diversify their portfolios beyond traditional and alternative asset classes.
The fund, regulated as an Alternative Investment Fund with Limited Number of Persons (AIFLNP) by the Cyprus Securities and Exchange Commission, has appointed Grant Thornton Cyprus as fund administrators. “We have been working closely with the founders at ARK36 to facilitate their achievement of the CySEC license and continue to support them with fund administration tasks including client onboarding, subscriptions and NAV calculation,” comments Yiannos Ashiotis, Leader for Regulatory Compliance and Fund Services at Grant Thornton, Cyprus. “Grant Thornton Cyprus has been expanding its work in the cryptocurrency sphere, responding to strong demand as digital asset investment becomes increasingly mainstream.”