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Apollo Capital’s total assets under management are approximately $ 100 million.
Melbourne-based crypto investment fund Apollo Capital is set to become Australia’s top performing crypto fund and effectively the country’s leading crypto asset investment firm next month from a field of over 9,000 funds.
The fund is proud to invest in crypto assets that power the next generation of IT infrastructure, money transfers and smart contracts, based solely on open source software and corporate independence. or third-party organizations.
When performance figures for funds managed by Morningstars for the last 12 months through April are released in mid-July, market analysts say Apollo will release record numbers that serve as a resounding silencer for crypto critics.
Next month’s numbers should show that between April 2020 and April 2021, the fund grew 699% while its annual two-year rate of return was 924%.
If confirmed, that would mean that since its inception, Apollo has recorded an average return of 363% per year.
The only other contender for the Australian crypto crown is Digital Asset Capital Management led by Richard Galvin.
Galvins Digital Asset Fund, a fund not included in the Morningstars ranking, generated a return of 2,747%. The fund attributed its outperformance to some of the best performances in the DeFi sub-sector, including Matic, Solana and Maker.
Apollo the pack leader
Currently, Apollo owns nearly 29% in crypto-smart contract platforms, 27% in decentralized finance, 19.8% in cryptocurrencies as a store of value, 10.4% in neutral strategies on the market. market via its parallel Apollo Capital Opportunities Fund, 7.8% in token swaps, 5.5% in stablecoins and cash, and 0.5% in futures.
Apollos’ total assets under management, including its Capital and Capital Opportunities funds, stand at $ 100 million.
Breakdown of Apollo Capital assets.
For a fund focused on investing in various crypto assets, the results would prove the concept that investors are able to extract above-average returns from the crypto space while sending a clear message to all Australian investors: the crypto boom is not just a storm in a teacup, or a bubble that must inevitably burst.
Quite the contrary, figures from Apollos, and those from other leading funds such as DigitalX Bitcoin Fund and Terra Capital Natural Resource Fund, suggest that cryptocurrencies (and the technology behind them) have become full-fledged investment products that are here to stay.
Unique offer
According to Apollo, it offers a unique blend of financial services experience and views its early adoption of crypto assets as a way to make the fund ideally placed to manage portfolios of crypto assets.
For Henrik Andersson, chief investment officer of Apollo, the success of his flagship fund is due to an investment strategy focused on the disruption of financial services by cryptos.
Specifically, Apollo focuses not only on harnessing the strong appreciation in cryptocurrency prices in recent years, but also on creating value through what is known as decentralized finance.
We have bitcoin in the wallet and we believe strongly in bitcoin, but the main value creation is in what we call decentralized finance, using blockchain technology to automate financial services, Andersson said.
We made two assumptions when we launched the fund over three years ago: one was that you need to be actively managed in the crypto space because it is a very inefficient space. The second is a strong emphasis on an area of cryptography called decentralized finance.
So those are two strong beliefs we had, and they came to light when we compare our returns to a passive index like the Crypto 20 index. We have significantly outperformed this index since its inception, noted Andersson.
Apollo Capital Co-Founder and Chairman Domenic Carosa said we launched the fund with Henrik our CIO and Tim our MD three years ago with the sole purpose of giving Australian investors a safe and convenient way to ” access the booming digital asset market. We feel like our journey has only just begun and we believe the future of finance is decentralized.
Mr. Carosa is also the Founder and Chairman of Toronto Stock Exchange-listed Banxa Holdings Inc (TSX-V: BNXA), a leading payment services provider for the digital asset industry that has seen its share price increase by almost 400% since its listing in January 2021.
Top-level billionaire, Alex Waislitz of Thorney’s fame is a notable investor in both Apollo Capital and Banxa.
The dawn of decentralized finance
Apollos’ investment value proposition is further enhanced by the concept of decentralized financing.
Traditional banks, including institutions regulated with strict capital requirements, typically take deposits and lend money. However, decentralized lending platforms threaten to cut out middlemen by not forcing borrowers or lenders to identify themselves.
In practice, this means that all users can access a decentralized platform to borrow money or earn interest by providing liquidity to form liquidity pools.
Concept pioneers such as Crypto.com, BlockFi, and Binance (among many others) offer returns on crypto deposits with interest rates in the range of 5-10% per annum.
Besides consumers and savers, investors are also paying attention. Despite high price volatility in the crypto market, the top performing funds have managed to generate triple-digit returns. The likes of Apollo can generate triple-digit annual returns, a blow to opponents of crypto.
The case for investing in crypto is further reinforced by an economic environment where interest rates are artificially suppressed, while other assets such as stocks and bonds are trading at levels close to their pluses. historic highs.
Ultra-thin returns on traditional assets are attracting crypto investors, and the idea of being able to earn passive income at higher rates has boosted crypto investing.
Several companies have started and rapidly developed operations seeking to capitalize not only on the appreciation in the price of crypto, but also on the underlying technology designed to streamline the financial services industry. With such rapid growth, however, it’s important to look past the attractive rates of return on offer and understand some of the other factors that should inform investors’ decision-making process.
When it comes to decentralized finance, it’s now better understood that this is really where value is captured outside of bitcoin, Andersson said.
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