Interview with Andrew Lewin CEO at Symmetry Fund
Can you introduce yourself and the role you play in the Symmetry Fund?
My name is Andrew Lewin – CEO of the Symmetry Fund. I come from a traditional finance background with extensive experience in managing classic mutual funds at large financial corporations, including Credit Suisse and Franklin Templeton Investments.
Tell us what inspired you to create the Symmetry Fund?
We understand that investing in cryptocurrency can be a daunting prospect for some investors. So we’ve designed the Symmetry Fund to be an easy and relatively safe way into cryptocurrency/ICO investment. The Symmetry Fund is ideal for investors who:
- Are seeking high potential for capital growth and are willing to tolerate significant price volatility over short, or even long, time periods.
- Are willing to stay invested for at least 5 years, regardless of market fluctuations.
- Are seeking greater diversification for a portfolio that may be overly concentrated in more conservative investments.
What methodology will you employ when operating the fund?
We believe current market conditions are perfect for a mixed fundamental-momentum investing strategy. By trading only cryptocurrencies with a capitalization over $4 billion and daily volume of at least $100 million, we are able to reduce the level of risk for those seeking to invest in what can be perceived as a complex and risky marketplace.
Will the Symmetry Fund trade on quantitative or qualitative data?
As with more traditional financial vehicles, the Quantitative Method will be employed. The team will use statistical analysis and models for forecasts, as well as analytic tools, such as time series modeling to tackle rapidly developing cryptocurrency markets and develop financial strategies based on algorithmic trading and statistical arbitrage.
If the fund is planning to use algorithms, have these algorithms been back-tested on these markets? And what was the ROI achieved on these tests?
Using a number of different strategies, we achieved above 50% annually. While these numbers may look relatively small in comparison to current market performance, they are realistic, offer relatively low risk, and, in terms of the wider financial markets, represent outstanding performance.
Who are the key players in the Symmetry Fund and what is their background in trading, ICOs and cryptocurrencies?
David Steiner and I are fund managers. Additionally, we are supported by a fund strategist and two assistant fund managers – all handpicked for their expertise and track record. In total, we have over 20 years combined experience in fund management, wealth management and private banking in leading financial institutions (UBS, Credit Suisse and others). We believe we’ve assembled a very talented team and that will be reflected in the fund’s success.
And will the founders be involved in the day-to-day operations of the Symmetry fund?
Absolutely! We are committed to driving the maximum ROI for our investors.
How are the fees structured?
The innovative nature of the fund will also extends to the fee structure. There will be no classic sales loads or redemption fees, etc.… The only fees charged will be on profits at 7.5% performance fee on more than 1000 SYMM, or 15% fee if you have less than 1000 SYMM.
Will fees be incurred each time the funds are moved from FIAT to Crypto and vice versa?
We are negotiating with multiple brokers on a monthly fixed price and, currently, we don’t expect the impact of these to have any significant impact on fund performance.
How will these management fees be used?
As with any fund, there are salaries to be paid, as well as the costs of day-to-day running and administration of the fund. However, there will be no big bonuses that you see in other funds. Our rewards will be proportional to fund performance.
Will Symmetry fund smart contracts be audited? And, if so, how?
Yes. We’re still in negotiations on this, but it’s my understanding that Ambisafe will be hired for auditing the code. As regards financial statements and trading activity – one of the big four companies will be hired. Deloitte is the most likely choice.
Will token-holders have a say when it comes to dividends?
The dividend smart contract is programmed to automatically distribute Ethereum to token-holders on the 3rd of each month. However, we also have an integrated voting platform, whereby token-holders can vote on issues, such as the compounding percentage (currently set at 50% of profits for the first 6 months of trading). As you can see, this gives investors significant input when it comes to shaping future strategy.
What can you tell us about the ICO and the pricing?
During the ICO, extending from December 10th 2017 to February 10th 2018, the price per SYMM token will be set at 0.1 ETH.
Where can readers find out more about the Symmetry Fund?
The website goes live on December 10th at www.symmetry.fund, where interested investors can find out more about why we think this fund will be a huge success.
Anything else you think prospective investors might want to know?
The Symmetry Fund does not offer any discounts like most ICOs. We want our token price to represent the true value of the value. Also, we are unable to accept US investors at present. We are waiting to hear from the SEC on this issue.
For more information please visit: www.symmetry.fund
We thank Andrew Lewin for the interview.