Clarendon Opens Digital Assets Fund
Posted by Colin Lambert. Last updated: May 20, 2022
The Clarendon Arbitrage Fund, a firm offering absolute return strategies in currency and equity derivatives, have opened CAF Digital Asset Management to bring the firm’s existing strategies to digital assets.
Stephen Chen has been named CEO and general partner of the new fund, shifting from his role at the parent fund,where he was non-executive partner and MD for Asia-Pacific. The new business has partnered with Sygnum Bank and Fidelity Digital Assets to provide the infrastructure for the fund. In a social media post, Chen says CAF Digital is onboarding “a good number” of family offices across south-east Asia.
The firm’s website claims to represent the “wiser generation” that does not pursue quick wealth while neglecting the risks involved, saying it seeks to preserve client wealth while generating extra returns as a bonus. It does this, it adds, by focusing on strategies that exhibit low or negative correlation to the underlying asset.