Share this article
DeVere Group Targets Arbitrage With New Crypto Fund
U.K.-based financial advisory firm deVere Group has launched an actively managed fund offering investors exposure to cryptocurrencies.
Updated Sep 13, 2021, 8:33 a.m. Published Nov 2, 2018, 9:32 a.m.
Make us preferred on Google
U.K.-based financial advisory firm deVere Group, which says it has over $10 billion under advice and management, has launched an actively managed cryptocurrency fund.
Announced in a press release Thursday, the new investment offering, called deVere Digital Asset Funds, is being launched in partnership with Dubai-based hedge fund manager Dalma Capital Management.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The fund will provide investors with a diversified exposure to digital currencies, but aims to reduce the volatility "for which the market is known," deVere states.
The fund will invest in a portfolio of various digital assets using algorithmic trading over different platforms – including cryptocurrency exchanges and OTC [over the counter] markets, as well as taking advantage of arbitrage.
Arbitrage involves buying an asset on one exchange and selling it on another where the price is higher to profit from the difference in prices.
The founder and CEO of deVere Group, Nigel Green, said in the release that he believes that cryptos are now "undeniably part of mainstream finance" and that there is growing demand from clients.
Arbitrage, he added, allows profits to be generated "with little or no directional market risk."
Zachary Cefaratti, CEO of Dalma Capital said that crypto markets have offered numerous arbitrage opportunities that have not been seen in conventional markets for decades, adding:
"Arbitrage opportunities abound – the prices of the top 25 crypto assets vary across over 400 liquidity venues. The ability to trade long and short allows profit opportunities regardless of market direction."
In a previous foray into the crypto space, deVere in February launched a cryptocurrency app called deVere Crypto that allows users to store, transfer and exchange bitcoin, ethereum and litecoin.
London city image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
U.S. listed bitcoin, ether ETFs bleed nearly $1 billion in a day
U.S.-listed spot bitcoin and ether ETFs saw one of their worst combined outflow days of 2026 as falling prices, rising volatility and macro uncertainty pushed investors to cut exposure.
What to know:
- U.S.-listed spot bitcoin and ether ETFs saw nearly $1 billion in outflows in a single session, as crypto prices tumbled and risk appetite faded.
- Bitcoin dropped below $85,000 and briefly neared $81,000, while ether fell more than 7%, prompting heavy redemptions from major ETFs run by BlackRock, Fidelity and Grayscale.
- Analysts say the synchronized ETF selling reflects institutions cutting overall crypto exposure amid rising volatility, hawkish Federal Reserve expectations and forced unwinding of leveraged positions, though some see the move as a leverage shakeout rather than the start of a bear market.
