Countinghouse Fund is a hedge fund that has previously focused on investments in foreign exchange and fiat currencies and is planning to open a new fund focused on cryptocurrencies.
They rely on mathematical strategies and algorithmic trading methods to gain profits from volatility and movement in the markets. Specifically, they plan to use 60% for crypto algorithmic strategies, 30% for double-side arbitrage and 10% for passive investments such as ICO participation.
They have an experienced team, and an already built infrastructure that will keep incremental costs for the overhead of running the crypto fund very low.
In addition, they have done extensive testing on both their fiat algorithms and their cryptocurrency algorithms and had great success with both. In addition, they have a proven track record and trading history for their fiat trading.
The tokenized nature of the fund will allow participation at far smaller dollar amounts than hedge funds typically allow and will also allow investors to easily enter and exit the fund without any restrictions other than those imposed by the market itself.
The Countinghouse Fund initial coin offering is already underway and will end on June 11th. The sale will be capped at 50,000 ETH.
They anticipate beginning to trade immediately upon completion of the token sale. Initial trading is likely to focus on simple arbitrage strategies to take advantage of inefficiencies in the market and between markets. As the market becomes more efficient and these very simple opportunities dry up, they will transition to more complex algorithmic strategies.
For the Countinghouse Telegram group go here
For the Countinghouse Bitcointalk announcement thread, go here
For the Countinghouse Bitcointalk bounty thread, go here