Interview with Bloomwater Capital

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Click to Watch

Interview with Bloomwater Capital


Lucas Cervigni and Alice Hlidkova interview Bloomwater Capital Founders Veronica Mihai and Dev Dutta CIO at the London Stock Exchange Studios.

The team built a regulated digital assets fund, a competitive advantage among the rest. "Through our research we found out that there are about 450 crypto funds of which 47 are regulated and only 7 are actively trading," Mihai said, observing that most funds are passively managing portfolio with high fees.

Bloomwater Capital (quant-algorithm trading) created an index fund, charging 0% performance fees. "We partnered with the best companies and offer investors peace of mind," shared Mihai, highlighting PWC as an auditor.

To build trust, she established a custodian in Switzerland. "We wanted to form a complete infrastructure of trust."

The decision to incorporate in the British Virgin Isles was due to the "crypto-friendliness" for crypto hedge funds. "We are doing things by the books," with a head start in bank regulation, explained Mihai.

"The crypto space ranges in age group, and is very dynamic," observed Dutta, who built software for capital markets and derivatives. "There is a huge gap between traditional and crypto markets," Dutta concluded, aiming to close it with active participation in managing and trading assets while providing education.

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