Hedge Fund Veteran Jules Green: Why I’m Advising Protos Cryptocurrency Asset Management
Jules is an experienced emerging market fund manager with 20 years of active involvement as part of the management team that founded Ashmore Group plc, one of the largest specialist institutional investors in the emerging market space.
We asked Jules to share his thoughts on crypto and why he’s decided to advise Protos.
Here’s his reply.
I have agreed to be on the advisory board of Protos Fund because I believe that blockchain technology will become a major part of the global financial system’s plumbing.
For example, blockchain technology will reduce counter party exposures in the banking system as it will enable secure transfer of assets more efficiently and cost effectively.
In addition, with money growth since QE, there has been a growth in cash balances in banks. Crypto currencies provide a solution to reduce cash balances within the banking system, allowing banks to turn cash balances into assets through the purchase of crypto currencies.
This will reduce capital required to back cash as crypto currencies are assets as such, they do not require bank equity to back them.
These are two strong incentives to adopt this technology within the financial system.
Why Protos?
Protos will stand squarely in the middle of the likely explosion in demand and applications for blockchain technology.
With 35% of the funds, Protos will look for longer term capital appreciation through investing in ICO’s that develop these protocols and applications.
With 65% of the funds, Protos will seek to intelligently gain exposure in 30 of the more trade-able crypto currencies using a beta approach based on market cap and trading volumes algorithms, an allocation using trend models, a segment in value oriented strategies and finally applying some capital to risk arbitrage given the current inefficiencies that exist between exchanges.
These two approaches, ICO capital appreciation and trading activities, will require a dynamic and focused team with experience and contacts in crypto, quantitative strategies and trading markets.
In Tom, Philipp and Matt , each individual respectively brings these qualities and experiences.
In summary, Protos Fund should provide a valuable and sensible exposure to the markets and opportunities around Blockchain technology and I’m excited to be a part of it.
Protos is a tokenized hedge fund. We’re passionate about encouraging crypto adoption by providing a global onramp to blockchain asset investment. Our ICO public sale starts November 7, 2017. Visit protos.tokenhub.com to register or learn more.
