Topic: [BTC-EQTY] A new Bitcoin Investment Fund (Read 6040 times)

Any update?

Hey everyone,

I am considering opening up the fund to the public due to a significant amount of interest.

Please PM me if you would like to invest, and specify how much BTC you roughly want to invest with.

In a few days I will gauge the response and provide specifics on how it will work, providing I get enough interest.

You can view the latest performance statement here: https://docs.google.com/spreadsheet/ccc?key=0AuQ3xQRnpXqEdG5yMHZCaVkydWM5V1pzZld6WmtZa2c#gid=0

Does anyone use trading bots? A fund that used trading bots could be interesting....

+1

If you ever open this to the public again, please let me know. You certainly seem to know your stuff.

June Monthly Statement

Detailed statements can be found here: https://docs.google.com/spreadsheet/ccc?key=0AuQ3xQRnpXqEdG5yMHZCaVkydWM5V1pzZld6WmtZa2c#gid=0

Headlines
- Net asset value increased by a very impressive +54.69%, and now totals 90.95505159 BTC.
- Annualized return for fund is at a whopping +645.29% per year!
- Net fund profit was +32.15505159 BTC this month, or +54.69%.

The fund asset value has nearly doubled since its inception just 37 days ago. The initial investment was 58.8 BTC, and from that investment the fund has generated a net profit of +32.15505159 BTC.

You are correct for the most part. But what you aren't taking in to account is timing. For example all the ASICMINER shares acquired in this fund were bought at lows, and held at highs of the last 20-25 days (since the fund started).

There is no doubt that I really like ASICMINER, while disliking other favorites. (Also the fund doesn't just hold ASICMINER). Anyway, the performance speaks for itself, so I don't really need to say anything more. Even if you account for ASICMINER's share price growth, this fund has still yielded a greater return, whilst being somewhat diversified.

It looks a bit like you may be making a slightly unfair and misleading comparison.

You're mainly holding ASICMINER.

When calculating your own profits you include the increase in share value of ASICMINER as well as the dividends you received from them.  Then you compare it to just the dividends from ASICMINER.

That's claiming that a pass-through to ASICMINER (which takes a management fee) can somehow outperform ASICMINER itself.

If you want to compare your performance to ASICMINER's then you also need to add in the growth in price ASICMINER itself has experienced.  And it isn't the same story then.

If you're going to hold mainly ASICMINER then you're pretty much just a pass-through to ASICMINER - with insufficient diversity to offer any protection against any significant fall in ASICMINER prices.  Nearly everyone on these forums already knows ASICMINER has been a great investment really - and doesn't need to buy into a fund to gain exposure to it.  So making profit on the back of ASICMINER investments isn't offering anything of real value - far more attractive would be if you could generate returns similar to ASICMINER's dividends (NOT growth) without ASICMINER exposure - then you'd be offering a useful alternative and a way for people to diversify/spread risk.

Hey everyone,

For those interested in following this fund, here's an update:

In the last 25 days, the fund has increased in value by a whopping 17.08%. The annualized rate of return is a very impressive +249.37% per year.

Comparisons
- As a comparison, ASICMINER's latest few dividends (which were record high dividends) return around an annualized figure of 65% per year.
- Fixed interest would return you around 25% per year.

I am pleased thus far with the fund. If the fund continues to perform strongly and offer good returns, I will consider opening it up to the public, for those who may be interested.

Hey all, the first statement is now available. You can find it here: https://docs.google.com/spreadsheet/ccc?key=0AuQ3xQRnpXqEdG5yMHZCaVkydWM5V1pzZld6WmtZa2c&usp=sharing

Summary:
- Because the fund began on May 23rd, The first monthly statement period is just 8 days long.
- Investment assets rose by 2.22459023 BTC, or +3.78%. The normalized 31 day growth rate was +14.64%. NAV as of May 31st is 61.564244055 BTC.
- Despite little to no movement in ASICM share price since the fund opened (23rd of march), I am pleased of the growth rate of the fund.
- No dividend was issued. If a 100% dividend was issued, its normalized yield rate would have been 174.99% PA, or 3.4% per 8 day period.

At this time and in the short-mid term, I really like ASICMINER. I will not be selling unless something significant happens. I also plan on accumulating more when the opportunity arises for better value.

do you have a strategy or a plan on how you are going to deal with asicminer shares or is it a wait and see and react emotionally once things start moving in one way or another?

you don't need to share the details, just if you have one or not.

The fixed interest Assets are currently all allocated in a coinlender account, earning ~25% PA interest. They are in a CD for 30 days.

is your Fixed Interest assets related to mining too?


would be nice and helpful for everyone.

Seems like an awfully high percentage involved in Asicminer. From my understanding, it seems to be a bet against appreciation in $ of bitcoins ?

The statement is here: https://docs.google.com/spreadsheet/ccc?key=0AuQ3xQRnpXqEdG5yMHZCaVkydWM5V1pzZld6WmtZa2c#gid=0

Though keep in mind the investment period is only about 1.5 days. So the stats are very much premature.

Also making changes/alterations to it all the time, its very premature.

Not a bad way to go about it. Try and make the results as publicly verifiable as at all possible (not always an easy task, this).

Hi everyone,

I have elected to close this fund to the public for now. Instead, I will be the sole shareholder of the fund, and the results will be published publicly if you are interested in following this funds performance. I will post the first statement at the end of May.

I'm curious now, does your company have a track record, public financial statements and the usual stuff available for review for potential investors? Initial Public Offerings normally follow either some amount of VC or perhaps just founder investments so the offering can be reasonably evaluated by potential buyers.
If yes can I get a link to some of that material? 

yeah but my proposed IPO was larger than anything currently seen in this community. for an initial offering

Well I guess if people only look at the numbers and don't do their homework by reading a fair number of them you would be right.
I just don't care to form a judgement on 1 or 2 bad (or good) posts.