Australia’s First Investment-Grade Bitcoin Fund Welcomes Craig Hobart as Head of Distribution

1600x900_Monochrome Asset Management_Craig Hobart_Head of Distribution_New Appointment Announcement.png

BRISBANE, Monday July 26 2021 -- Following the launch of the Monochrome Bitcoin Fund, Monochrome Asset Management, the Brisbane-based digital asset management firm founded by former Binance Australia CEO Jeff Yew, today announced the appointment of Craig Hobart, joining the team as Head of Distribution.

Mr Hobart holds over 25 years of leadership experience across financial services, funds management, and superannuation including BT, Nikko Asset Management, and Rest Super. Craig joins Monochrome with a wealth of knowledge and experience to help create distribution and growth strategies for its products, such as the Monochrome Bitcoin Fund.

“With his extensive experience in funds management, Craig will oversee the company’s distribution strategies.” Mr Yew said.

Monochrome Asset Management is the Investment Manager of the Monochrome Bitcoin Fund, a capital growth investment fund for Australian wholesale investors seeking a secure, regulated, and familiar investment vehicle that tracks the price of bitcoin without the need to engage with new technologies.

With digital assets increasingly becoming an accepted part of the financial landscape, institutions are realising that they must adopt this asset-class, either as an investment or as a hedge against the broader macroeconomic environment. Despite this increase in adoption, still predominantly by US companies at present, various challenges remain for Australian institutional investors around regulatory clarity, strict acquisition procedures, and custody which Monochrome Asset Management addresses and resolves with the launch of the Monochrome Bitcoin Fund.

“With years of experience in driving growth strategies in traditional financial organisations, I am excited to join Jeff and his team to facilitate the growing institutional adoption of Bitcoin, starting with the Monochrome Bitcoin Fund.” Mr Hobart said.

Subscribe for the latest news from Monochrome.

Related Articles

Craig Hobart Presents at Advisers Big Day Out 2022: Considering Crypto-Assets Post ASIC REP 705

Craig Hobart Presents at Advisers Big Day Out 2022: Considering Crypto-Assets Post ASIC REP 705

Craig Hobart, Head of Distribution at Monochrome Asset Management, attended the Advisers Big Day Out (ABDO) conference to discuss the developments in the crypto-asset space relevant to financial advisers following ASIC REP 705.

Time Zone Considerations for Benchmark Selection in an Australian Passive Spot Bitcoin ETP

Time Zone Considerations for Benchmark Selection in an Australian Passive Spot Bitcoin ETP

In this paper we look at the criteria for index selection in a spot bitcoin ETP, with particular focus on the timing of the index. In a recent article, CF Benchmarks have analysed the suitability of the CME CF Bitcoin Reference Rate (BRR) for the creation of regulated products and more recently performed analysis comparing this to a Sydney-based time period. We draw on that analysis in this paper and expand on it in the context of the impact on the performance, costs and market dynamics when used in a passive bitcoin ETP.