MONTREAL, Oct. 23, 2017 /CNW Telbec/ - Rivemont Investments ("Rivemont") is pleased to announce the launch of Canada's first cryptocurrency fund, the Rivemont Crypto Fund ("the Fund"), effective October 20, 2017. The Fund is available to accredited Canadian investors and clients of Canadian portfolio managers.
Total cryptocurrency capitalization now exceeds $210 billion CAD, the best-known currency of this type being the Bitcoin. The Rivemont Crypto Fund, the first actively managed Canadian cryptocurrency fund, will initially invest primarily in the leading cryptocurrencies, such as Bitcoin and Ethereum. It may also invest in various emerging altcoins, based on strong fundamentals, and could buy into ICOs (Initial Coin Offerings).
The Fund is primarily a simplified vehicle for investing in the complex emerging cryptocurrency market, while taking advantage of the expertise of seasoned industry analysts. Cryptocurrencies may be the opportunity of a generation, as the Internet boom was in the 1990s. The implementation and adoption of this revolutionary technology is still in its infancy.
"Some firms have announced the launch of similar funds," notes Rivemont President Martin Lalonde, "but the Rivemont Crypto Fund is the only one thus far that is really accessible to accredited Canadian investors."
Fund Code: MAJ710
Founded in 2010, Rivemont is a portfolio management firm with offices in Montreal and Gatineau offering innovative investment strategies to investors seeking solid returns with effective management of market volatility. We offer traditional strategies for a private wealth clientele as well as alternative funds. For more information, visit www.rivemont.ca/en/crypto or email [email protected].
Units of the Rivemont Crypto Fund may fluctuate widely. The units are available under the National Instrument 45‑106 Prospectus and Registration Exemptions and are therefore only available to accredited investors, including clients of portfolio managers. This document does not constitute a recommendation nor investment advice and is presented for information purposes only.
SOURCE Rivemont Investments
For further information: Martin Lalonde, 1 844 318-8800, [email protected]