First Bitcoin Hedge Fund Launches From Malta

First Bitcoin Hedge Fund Launches From Malta

The fund shares are distributed exclusively through the Exante Hedge Fund Marketplace platform. Authorized and regulated by the Malta Financial Services Authority, Exante offers the Bitcoin Fund with an initial minimum subscription of $100,000 and a 0.5% upfront subscription fee.

15 comments on “First Bitcoin Hedge Fund Launches From Malta
  1. Curious says:

    “It would also provide shorting opportunities without having to own the underlying asset.”

    Is this a good thing?

  2. The Comedian says:

    Quote “Founded in March 2011, the 60-person Exante team operates from offices in Malta, Singapore, and Russia. The Bitcoin sub-fund was incorporated as a Bermuda exempted company and is registered as a segregated account company receiving funds at Citibank London. ”

    Predictably perhaps, my old haunt Citi is in on this; they probably sent their boys in to work at ‘Extante’. The smell of money and all that…

    Maybe Max could capitalize his own hedge Karma Banque with Bitcoins and create securitized products to control prices and boycott companies that members oppose. Corner that market, Max!

    Of course, this is bad for two reasons: one, Bitcoins monetized by organized Capital are a slush fund waiting to happen. And two, once the financiers have got their foot in the door, using Bitcoins for money-laundering will become the norm until government ‘regulation’ is invited by some alarmist, whereupon Bitcoin will cease to be useful as alternative tender and become just another casualty of the Currency War.

  3. Flopot says:

    @The Comedian

    I was going to ask about that very quote…

    “The Bitcoin sub-fund was incorporated as a Bermuda exempted company and is registered as a segregated account company receiving funds at Citibank London.”

    Thanks for the intelligent speculation – mucho to chew over.

  4. The Comedian says:

    @ Flopot,

    There are a few places all the ‘elite’ oligarchical corporations, hedge funds and the rest are incorporated: DELAWARE (State of), and places like Bermuda. Systemic reason for this.

    As for Citi London, their Global Treasury and Clearing Desk are there: I used to speak with them often from my office in Dublin.

    So, I anticipate the following: smelling money, Citi sent some of its boys in to populate the ranks of Exante to corner the market in Bitcoins for the express purpose of off-balance sheets Cash transactions that could be securitized for profit. SWIFT cash payments are heavily monitored for compliance and being bank-to-bank they leave a transaction trail that is subject to regulation.

    Not so for Bitcoin hedges.

    Hey Criminal Oligarch/Drug Lord/whatever, got 500 million you want laundered? Convert the dirty money in a series of installments to Bitcoins and and securitize that string of payments as a revenue stream like a mortgage payment, pension pot or anything else: Hey presto you’ve got a whole buncha new Tranches, Collaterilized Debt Obligations and Credit Default Swaps to play around with! And best of all, you’re going to need insurance on this speculative activity! Step in A.I.G.! Don’t worry, if something goes wrong the Government will bail us out, boys! Boo-ya!!!

    Sad, but from my experience, this is the sort of thinking that drives international capital, the City of London and Wall Street.

    R.I.P. Bitcoin.

    It was nice having you free for a while.

  5. jarrollin says:

    further proof that Bitcoin is connected with big money and big power … so totally not enticing…

  6. Flopot says:

    @The Comedian

    Brilliant. That’s 3 years financial activist education summarized into a few paragraphs. I can research this as a case study to help me understand the mindset of the bankster. Nice one.

  7. Vonda Bra says:

    .

    The Missing Piece of Bitcoin
    http://youtu.be/2EI96TLowSg

    more vids on BTC here …
    http://www.youtube.com/user/TruthNeverTold/videos?view=0

    .

  8. The Comedian says:

    @ Flopot,

    You’re welcome, good luck and thanks for the replies.

  9. Curious says:

    Does this really mean the end of Bitcoin? If someone is going to use it to launder 500 million dollars, wouldn’t he prefer that Bitcoin be stable enough that he doesn’t risk losing any of it during the laundering? And to move that amount of money through Bitcoin without hugely affecting its price, wouldn’t the total value of all mined Bitcoin have to be much, much higher than the 500 million it is now?

    Bitcoin just seems awfully small time now. If Big Money and Big Power really does have plans to make it a means of laundering huge amounts of money, wouldn’t that be reason for all of us little guys here to buy up all we can right now and ride Bitcoin up to $100,000 per or whatever?

  10. aleksy says:

    this is probably a serioulsy thupid question but:

    when you download the wallet, at what point do you set your passphrase? I got the free wallet but it neve prompted for a passphrase. Is there a link in the wallet for that ? If not where? Excuse me for being so dumb…

  11. daddy warbucks says:

    There goes the neighborhood.

  12. Dustbowl Daze says:

    Hooray, Bitcoin is making it possible for this whole industry of fraud to be taken to the next level. Congratulations to everyone promoting this digital disaster currency.

  13. Bull says:

    Just goes to show you that anything successful at filling a niche can be exploited for whatever purposes by the Greed Masters. Bye Bye bit coin, welcome back gold and silver

  14. Robespierre says:

    And will these mother fuckers buy at least a little bit of physical silver. Fuck Bitcoin. Another piece of virtual shit by the way on a fuckin computer.

  15. skorek says:

    Just find this brand new dutch website with more the 35 free daily. You can make as much as 0,5 bitcoin in a week if you register with all the links the site have.

    http://www.freebitcoin.nl

    just great

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