James McCaffrey, CAIA’s Post

Take a read through our perspectives and highlights from the #ALTSNY 2024 event, powered by CAIA Association, CFA Society New York, and Markets Group. We hope you enjoy this recap and be sure to connect with Vidrio(dot)com if you're an allocator looking to gain more #transparency in your data, #portfolioconstruction, and more. #alts #privatemarkets #digitalassets #realassets #realestate #hedgefunds #assetmanagement #FOs #OCIOs #carboncredits #bitcoin #totalportfolioapproach #institutionalinvesting https://hubs.li/Q02DKtXX0

Check out the latest blog from Vidrio Financial from our time at the recent Markets Group #ALTSNY event. Important highlights contained inside for allocators looking to tackle #privatecredit, #digitalassets, #realassets, #carboncredits, and more. Get our 👀 perspective on what we're seeing in the market and across our #institutionalinvestor network. Insights cover the Johnson & Johnson Benefit Trust, Fordham University, Grayscale Investments, Meketa Investment Group, Church Pension Group, Aetos Alternatives Management, Trinity Church Wall Street, #VerizonInvestmentManagementCorp and a lot more. Enjoy!!

A sobering, measured, informative discussion. Gryphon CIO, Reuben Beelders, is part of the asset allocation discussion on Asset TV South Africa's panel with Joanne Baynham. A helpful discussion for any financial adviser pondering the dilemma of asset allocation.

One of the biggest push-backs that I hear about investing in crypto is that it's risky. Well, your cash in the bank is being effectively set fire to by the government and central banking system. $100,000 today will likely have about $50,000 worth of purchasing power in 5 years... If you're lucky. That sounds a sh!t-load riskier to me than taking a % of your income and buying something that every major asset management fund and institution on the planet is literally fighting to accumulate. BlackRock, ARK Investment Management LLC, Grayscale Investments, Fidelity Investments, WisdomTree, Invesco US, Valkyrie and VanEck all thought it was worth spending millions to offer #Bitcoin to their investors. Why did they do this? Because they know that it will outperform every other asset class by an order of magnitude over the coming years.

Fidelity is one of the most trusted and reputable asset managers in the world, with assets under management of over $4 Trillion. They are now recommending and including crypto in their "All-In-One" ETFs, with allocations of 1-3% to crypto, depending on clients' goals. For more conservative portfolios, they take a traditional 60/40 portfolio of fixed income and equity and allocate 1% to crypto instead of fixed income. For more aggressive portfolios, they include varying percentages of equity and up to 3% crypto. This is a strong signal that traditional asset managers are confident in the potential for crypto to increase the sharpe ratio of even more conservative portfolios. (More can be found here --> https://lnkd.in/gQwHkwW2)

BlackRock, Inc. (NYSE: #BLK) Releases Full Year 2023 Results as CEO Lauds Bitcoin ETFs https://lnkd.in/euE68VKb #BlackRock #NYSE $BLK #Earnings #LarryFink #FinancialServices #AssetManagement #Bitcoin #ETFs #Finance #BTC #BitcoinETF #Stocks

🔊Soon🇺🇸During the Digital Assets Week-CA in the USA, a one-of-a-kind panel on Institutional Defi will be held featuring Jasmine Burgess, Allan Pedersen, Avtar Sehra, and Apex Group Ltd Chief of Digital Asset Fund Services, Bruce Jackson, CFA . 💡Stay tuned for more updates about: #Defi #blockchain #Dao #tradfi #digitalassets #regulations⤵️

As the momentum for crypto-based financial products continues to build, the spotlight turns to the Spot Ethereum ETF. A diverse array of issuers, including industry giants like VanEck, ARK Investment Management LLC, Invesco US and Fidelity Investments are poised to introduce their Ethereum ETFs to the market, pending regulatory approvals. With the SEC deadlines fast approaching, the financial community is on the cusp of what could be a significant evolution in #crypto asset management. Whether you're an investor, an advisor, or simply keeping a pulse on the market, now is the crucial moment to get ready for the opportunities that these new investment vehicles may present. Stay informed and be prepared to act. #Finance #Crypto #ETFs #Investment #Ethereum #innovation BLOCK ASSET MANAGEMENT

Last week, my elegantly dressed colleagues attended the WealthBriefing awards and collected the “digital asset solution / fund manager” award on behalf of the SyzCrest fund team as well as the innovative solution for digital assets provided by Banque Syz.   We are extremely proud that just eight months after launch of the fund we receive this recognition of the quality of what has been built.   When we first started designing the fund, given our focus on building a portfolio that should rarely, if at all, suffer a draw down, our partners at CMCC started to refer to it as their ‘Freedom Fund’. The world of crypto is a harsh rollercoaster of extreme highs and lows, and the native crypto investors have come to view our product as somewhat of a cash proxy vehicle.   While this is not the view of a traditional investor, the fact that we are the first established banking group to launch a product like this globally, means that we already count four banks and an insurance firm amongst our early investors.   Investors feedback across the board is consistent: nobody has built a product with this level of risk control and due diligence at the same time as harnessing the extreme alpha that a hedge fund approach to this asset class can provide.   Thank you to WealthBriefing and our early investors for your recognition and support. As Eric Syz himself said recently, crypto today provides the same opportunities as the golden age of traditional hedge funds… We hope we will witness as many decades with this elevated level of alpha. Thanks team, couldn't have asked for more glamourous representation! 😍   #syzcrest #banquesyz #crypto #bitcoin Syz Capital Syz Group Marc Syz, Angela Perez, Valérie Noël, Charles-Henry Monchau, CFA, CMT, CAIA, Nicolas Syz, Martin Baumann, Willy Woo, Cedric Vuignier, Mathieu Woifflard, CFA, Tiago Fellay

We have been tracking ParaFi Capital since 2019 and see them as one of the more institutional-grade fund managers in a sector fund manager fraught with noise, volatility and uncertainty. This strategy to take GP stakes in fund managers is particularly attractive given market uncertainty, too many fund managers, the ability to fund strength & potential scaling/consolidation differentiation & resultingly more attractive valuations. A GP stakes partner for a fund manager could increase attractiveness for capital partners in an evolving industry where capital formation & access is a key recipe towards endurance & success. ParaFi Capital has already backed nine different crypto managers out of its own balance sheet in recent years. Now it’s expanding the strategy to outside investors just as the number of crypto funds has begun to grow again. The funding will be partly used to acquire general-partner stakes in other crypto funds that are focused on specific market #segments, #strategies or #geographies. The firm plans to build a portfolio of 30 to 50 such stakes in the next three to five years. It looks like Theta Capital Management & leading Washington D.C.-based venture/growth equity fund of funds Accolade Partners are backers. This is definitely a fund manager & strategy to track. I can see Asian investors being very interested in this theme given the intersection of #crypto & GP stakes. I need to reconnect with ParaFi Capital! #alternativassets #crypto #digitalassets #blockchain #gpstakes #privatemarkets #capitalmarkets #fundmanagers https://lnkd.in/ge68cUpe