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French boutique launches Bitcoin strategy

BitcoinNapoleon Asset Management – a French fund manager dedicated to crypto asset solutions – has launched a fund exposed to bitcoin.

The strategy aims to replicate the performance of the cryptocurrency via futures listed on the Chicago Mercantile Exchange in cash settlement, so investors needn’t store the bitcoin themselves.

President Stéphane Ifrah, who has previously worked at BNP Paribas developing algorithmic strategies, said: “This fund is the culmination of our discussions with the regulator and our partners to offer a real alternative to professional investors.”

The fund is part of the fledgling firm’s stated aim to institutionalise and democratise digital assets.

Napoleon AM – which got its license to operate in March this year – specialises in applying quantitative investing to underlying assets exposed to crypto assets.

The fund manager is part of Napoleon Group, which focuses on financial technologies.

In October, BNP Paribas Asset Management supported the launch of an absolute return fund created by fintech Napoleon Capital, another part of the group.

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