Crescent Crypto
Crescent Crypto
The leading passive crypto index fund provider.
 

THE LEADING PASSIVE CRYPTO INDEX FUND

The Crescent 20 Private Index Fund invests in the largest and most liquid crypto-currencies in the world. 

 
 
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THE SMART WAY TO INVEST

The Crescent 20 Private Index Fund seeks to replicate the performance of the largest cap, and most liquid cryptocurrencies in the world. The index covers approximately 80% of the market cap of the entire crypto- universe, and is rebalanced regularly. 

Over the last 12 months, the Crescent 20 Model Portfolio had higher returns, lower volatility, and a higher Sharpe Ratio than Bitcoin alone.

THE OBJECTIVE

Define and systemically capture the beta of the investment grade crypto universe. The careful design of the fund is meant to preserve the passive nature of the portfolio, allow outperforming cryptocurrencies to accumulate larger positions in the fund, capture rising coins in the ecosystem, and exclude coins that do not meet institutional thresholds.

 

Crescent 20 Model Portfolio Returns - May 1, 2018

  The results presented on this slide are model performance results, which are unaudited and do not reflect actual results of a fund managed by the General Partner. Model performance results are based on data from Coinmarketcap and are for illustrative purposes only. Such results are not necessarily indicative of future performance of the strategy. Net returns deduct management fees, performance allocation, and cost of leverage. All returns reflect the reinvestment of earnings. Model results are compared to the performance of indices for informational purposes only. The investment program utilized by the Fund does not mirror these indices and the volatility may be materially different than the volatility of these indices

The results presented on this slide are model performance results, which are unaudited and do not reflect actual results of a fund managed by the General Partner. Model performance results are based on data from Coinmarketcap and are for illustrative purposes only. Such results are not necessarily indicative of future performance of the strategy. Net returns deduct management fees, performance allocation, and cost of leverage. All returns reflect the reinvestment of earnings. Model results are compared to the performance of indices for informational purposes only. The investment program utilized by the Fund does not mirror these indices and the volatility may be materially different than the volatility of these indices

Strong Uncorrelated Performance

  • Uncorrelated returns relative to traditional financial assets

  • Stronger absolute and risk-adjusted performance relative to Bitcoin and the other crypto index products

 
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Crescent Portfolio Holdings

*May 1, 2018

The careful design of the fund is meant to preserve the passive nature of the portfolio, allow outperforming cryptocurrencies to accumulate larger positions in the fund, capture rising coins in the ecosystem, and exclude coins that do not meet stringent institutional thresholds.

 
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Although there are over 2,000 cryptocurrencies in existence, according to CoinRanking, the 20 coins in the Crescent portfolio today represent a coverage ratio of approximately 80% of the market cap of the entire crypto universe. By concentrating on the largest, most liquid segment of the universe, the portfolio has an inherent bias towards holding those coins the market believes have the highest probability of success.

Whether a coin’s protocol truly is the best in its specific category is of little importance in such a fragmented, irrational market. Capturing the beta of market sentiment instead of attempting to generate alpha by trying to pick the winning horse will prove to be the winning formula over time.

 
 
 
 

Selection Criteria

Maximum of 20 coins held in the fund, rebalanced on a recurring basis.

 

 
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Liquidity

Liquidity exceeds 30% of coin’s circulating supply for 90 trading days; or 90-day avg volume greater than $5B. 

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Supply Value

Circulating supply value greater than $500m, on average, for 90 trading days, across multiple trusted exchanges.

 
 
 
 
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Price

A Free-floating price not pegged to other assets.

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Cold Storage

Wallets are required to have the functionality to generate private keys offline for maximum security

 
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Our Team

 

Ali Hassan

Co-Founder & CEO

Previous VC at Granger Management and Fairview Capital. Started career as an investor at Goldman Sachs, focused on trading illiquid, small cap equities and managing a book of $4.5b in AUM.

Christopher Matta

Co-Founder

Managed over $7 Billion in AUM as a Vice President in the Goldman Sachs Investment Management Division and developed big data analytics and portfolio management technologies.

Michael Kazley

Co-Founder

Previous investor and trader at global-macro focused hedge fund, Cedar Lake Capital and was an investor at Goldman Sachs focused across traditional asset classes. 

 
 
 

Vendors

 
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Legal

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Fund Administrator

berkower

Auditor

metropolitain

Bank

 

The Crescent 20 Private Index Fund is a smart and convenient way to invest in the cryptocurrency market. It is currently limited to accredited investors, with a $100,000 minimum investment.

 
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