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Global Advisors (Jersey) Limited, a Bitcoin asset manager, hasjust closed a fund to invest in alternative cryptocurrencies and initial coin offerings (including ERC20 coins).

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The newly announced, closed-end private fund is offering its investors managed access to the emerging trend of initial coin offerings (ICOs) and altcoins (such as Ethereum and Litecoin) with the Global Advisors teamperforming the diligence.

We believe strongly in the emerging use case of cryptocurrencies as tools for capital formation, but as with all innovation, discretion and caution is key. This fund is structured to offer managed exposure to the emerging space, allowing the fund investors to participate cautiously and intelligently, as this new market unfolds, says Daniel Masters, Chairman at Global Advisors.

The team explain that the fund, while structured to invest broadly, will focus first on ICOs where tokens are integral to powering the protocol, and secondly as a vehicle to invest in other viable, alternative cryptocurrencies which are emerging, in addition to Bitcoin.

As with Global Advisors current fund GABI Plc (formerly Global Advisors Bitcoin Investment Strategy Plc), the newly closed fund is Jersey based.

We are consistently impressed with the level of sophistication and attention with which Jersey regulators approach the digital asset space. When we launched GABI, they took a collaborative and pragmatic approach which helped us develop a world-class investment vehicle, that is still running smoothly three years later. This time around, the team and approach was even more impressive, says Daniel Masters, Chairman of Global Advisors (Jersey) Limited.

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Global Advisors Launches ICO and Altcoin Closed-End Private Fund - Finance Magnates