Carey Olsen acts in CoinShares fund

Posted: 14/05/2018

Carey Olsen's investment funds team in Jersey has advised CoinShares Group on the successful first close of CoinShares Fund II.
 
The new investment vehicle follows the June 2017 launch of CoinShares Fund I, reported to be the first fund to be denominated in Ethereum. 

Like its predecessor, the closed-ended fund will invest in a range of opportunities in the blockchain space, among them newly created digital assets emerging from Initial Coin Offerings.
 
The fund has been authorised under the Jersey Private Fund Regime, which provides for a streamlined regulatory authorisation process.
 
Jean-Marie Mognetti, Co-Principal of CoinShares, said: "The decision to launch an additional fund in Jersey under the Jersey Private Fund regime was based not only the success of CoinShares Fund I, which over a nine-month period has delivered 92 per cent net of fees outperformance against Ether, but also to demonstrate commitment to Jersey as a jurisdiction with a sound regulatory regime that supports innovative product offerings for investors."
 
The Carey Olsen team advising CoinShares was led by Partners James Mulholland and Chris Griffin, assisted by Senior Associates Colin Masterton and Claire Le Quesne, and Associate Joseph Barker-Willis.


Add a Comment

  • *
  • *
  • *
  • *
  • Submit

Want to know when we publish new content?

All you need to do is sign up for our newsletter.You'll receive a daily summary email of new items which have been published.

Please be advised that the volume of Business News articles which we publish is fairly high and you should expect to receive an email most days.

You can update your preferences at any time by registering for a blglobal.co.uk account and visiting the 'Your Profile' page.



Subscribe

It's easy to stay current with blglobal.co.uk.

Just sign up for our email updates!

Yes please! No thanks!