Pattrn Capital, a crypto hedge fund, recently launched as Gibraltar’s first Protected Cell Limited Partnership (PCLP) fund. Legal advisors Hassans are fund administrators Finsbury worked closely with Pattrn stakeholder to launch the ground breaking virtual asset fund which was authorised by the Financial Services Commission as an Experienced Investor Fund.
Pattrn is an open-ended fund that provides Experienced Investors exposure to the crypto market. The fund is underpinned by Israeli trading and cybersecurity technologies developed in the digital assets space.
Co-founder Orr Komissar commented "We are excited to announce the launch of our Digital Value Cell, as part of Pattrn Capital Fund PCLP, domiciled in Gibraltar. We chose Gibraltar due to its forward-thinking approach to financial technology and its robust regulatory framework, which provide the ideal foundation for our fund to thrive.”
Pattrn’s Digital Value works on an array of investment strategies including proprietary trading algorithms, research-based investment, event-driven inflection trading and long holding. It employ fundamental, quantitative and technological research, using on-chain data analysis to time investments.
Mr. Komissar further commented, “We believe that Gibraltar is the ideal location to locate our fund as it is home to a thriving ecosystem of fintech and blockchain companies.”
The launch of Pattrn is an example of Gibraltar’s sustained position as a jurisdiction of choice in which to domicile a virtual asset investment fund, having retained its top 3 global ranking according to PwC’s 2022 Global Crypto Hedge Fund Report. Gibraltar’s success is underpinned by a leading DLT regulatory regime, a robust legal framework and a recently introduced dual regime designed for both EU and non-EU funds.
Mr. Komissar concluded, “We had a great experience working with our Fund Administrator, Finsbury Fund Services, who has been instrumental in helping set up and launch our fund. Their expertise and professionalism have been invaluable, and we look forward to continuing our partnership with them as we grow and evolve.”
“We are confident that our decision to base our fund in Gibraltar and collaborate with Finsbury will be a key factor in our success, and we look forward to building a strong presence in this exciting and innovative jurisdiction.”