Global Advisors Jersey (GAJ), an investment management company based in the Channel Islands, has received regulatory approval for a Bitcoin Investment fund.
The Global Advisors Bitcoin Investment Fund (GABI) has received certification from the Jersey Financial Services Commission (JFSC) and will launch on 1 August 2014. The GABI will operate within the Collective Investment Funds (Jersey) Law 1998 as an Expert Fund.
Daniel Masters, Director of GAJ commented: “Global Advisors is thrilled to be able to bring a robust Bitcoin fund product to the market. Our long experience in commodities means we are well placed to manage volatility and performance risks in this fast growing and opportunistic asset class.
“After a rigorous selection process we have chosen Carey Olsen as legal advisers, Moore Management as fund administrator, and Netagio and Elliptic as providers of custody services to strengthen and enhance our fund offering.
“We look forward to working with our service providers and colleagues who will be supporting GABI and helping Digital Jersey to cement Jersey’s fast growing reputation in the digital currency space.”