Our July newsletter is a little later than usual, due to the launch of the new QP Market Neutral Strategy at the end of July and then very quickly announcing our amazing partnership with Zodia. click here to read. 

We will recap July Crypto events shortly but we can’t overstate the importance of our relationship with Zodia and their total support for our unique Quant Pro product. You see, our goal last year was to find a way to eliminate exchange and management counterparty risk so that your only exposure was to our ability to trade and with Zodia’s help we have done that. 

Zodia are proud of the technology used to support Quant Pro and are now introducing us to their, over $5 billion of crypto customer base. If we only pick up 1% of that in the next year that is another $50 million to manage, using this unique protection. That’s why this is so important. This partnership will help to make us one of Crypto’s most important asset managers and a major interest to Tradfi Allocators looking for serious asset managers in the space. The roadmap is now clear. We have the strategies, protection and the technology. 

Key July Crypto events

• The launch of 5 spot ETH ETF’s – not quite the impact of BTC but still important, as its yet more mainstream acceptance of crypto.
• Donald Trump says in Nashville he will sack Gary Gensler to rapturous applause. Great – until you realise even as President – he can’t sack Gary Gensler but hey, it’s good to have Politicians talking about crypto and turning up at conferences – that didn’t happen in previous elections. He said other stuff as well – blah, blah etc.!!
• Jerseys city pension fund applies to the SEC to invest part of its fund into BTC ETF’s. Michigan already holds $7.4 million making 3 Cities who will be holding crypto in their portfolio. 
• Inflation figures and the Fed suggest “steady as she goes” as the fear of recession takes flight.
• US Debt reaches an eye watering $35 trillion and they are set to borrow $740 billion in Q3. Anyone want dollars? 
• Senator Cynthia Lummis says the government should buy 5% of the total BTC now and they would halve the national debt in 10 years. Brilliant! Except when you do the maths we will need BTC to go 1200x from now to achieve that goal. Now I am optimistic about BTC but even by my standards that’s a tall ask! However, as Donald Trump followers know, never let the facts get in the way of a good story!

Algoz July Headlines

• QP Momentum up another 3.4% (net of fees) in July making it up 28.4% for the year
• AiQP up another 2.4% (net of fees) in July and showing over 55% for a trailing 12 months – now thats special!
• Barclays Hedge Crypto Currency Traders Index of 57 traders – up just 1.15% for July – Algoz beats the mean again!
• Algoz SMA Investors exceeds 25 accounts and almost $30million AUM, in just 9 months.
• All Investors receive weekly automated trading snapshots of realised and unrealised PnL. – An industry first for Crypto Asset Managers.

From the time we started writing these newsletters, back in June 2023, we told you that we would create an industry first in Crypto Asset Management – and last week Zodia confirmed this ground breaking product – as the best in the market place.

We also told you we were dedicated to creating better strategies with lower draw downs and higher returns and the current suite of 4 Quant Pro strategies ranges from Market Neutral annualising at almost 20% with Drawdowns of less then 3% up to our Momentum strategy annualising at over 100% per annum. We now have a proven strategy for all risk appetites and having won 3 Hedgeweek awards in 2023, we know we continue to beat the average and provide better products day after day. So we will continue to do this. Our motto is a simple one!

“Every Day a little bit Better”

That’s what motivates our team. On that note we would like to welcome to our team and introduce Kristina Zvyagintseva. She is based in Miami and brings a wealth of both tradfi and crypto experience to our group. If you are based in the US and would like to link up then please feel free to reach out on Linked-In or email her  –  kristina.z@algoz.io