What are the advantages of Finomenon Fund over other wealth management services?

Finomenon Fund offers the following advantages including:

  • Robust security measures: We are one of the first few hedge funds that use segregated cold storage to protect against theft and hacking. In partnership with Ceffu (formerly Binance Custody), our cold storage solution for digital assets mirrors credit from the custodian wallet, which significantly reduces the risk of hacking and misappropriation.

  • Regulatory compliance and transparency: As a registered Segregated Portfolio Company in the Cayman Islands, we are committed to maintaining strict regulatory compliance and transparency. Our adherence to regulatory requirements and best practices ensures that we operate with full transparency and accountability. To this end, we provide the investors with monthly reports that offer detailed insights into the fund's performance and holdings. 

  • Comprehensive due diligence and ongoing monitoring: We conduct due diligence on all potential investments to identify and manage risks. Our team also continually monitors investments to ensure they meet our high standards of quality and performance.

Will Finomenon Fund's stability be affected by any business risks associated with Amber, Fenbushi, or Gamma?

No. The fund assets are kept entirely separated from other companies, and we maintain strict segregation to ensure the safety and security.

Why is the fund third-party audited?

To ensure maximum security and stability. Third-party auditors are entrusted with the evaluation of the fund’s financial statements to ensure accuracy and transparency of the profits and losses. Furthermore, auditors also ensure that the financial statements comply with the International Financial Reporting Standards (IFRS), providing greater assurance to investors.

The fund assets are kept in a cold storage provided by Ceffu. Are there any risks of misappropriation by the exchange or the fund manager?

No. The funds traded on Binance are not clients' assets, as capital traded on the exchange mirrors your assets 1:1. This means that your assets are always kept safe in the custodian account during trading. We have implemented a segregated cold storage approach to provide an additional layer of security, ensuring that our investors' assets are fully protected at all times.

Is the fund's investment principal-protected?

No, it’s not principal-protected. We employ a rigorous drawdown control strategy that serves to minimize potential losses while allowing for a high return ceiling, and we also conduct regular backtesting to better predict future performance.

Why is there a lock-up period?

  1. The lock-up period is implemented to ensure stable returns and maximize investment opportunities from market fluctuations.

  2. We designed a lock-up-based strategy to help clients navigate market cycles while preventing frequent withdrawals which may make opportunities missed.

  3. This approach allows us to maintain a long-term perspective on our investments, increasing the potential for stable and sustainable growth.

When will I receive the fund’s audit reports?

  1. Audited financial statements, complying with IFRS, are sent within 180 calendar days after the end of the financial year of the fund or after its termination.

  2. Unaudited investor reports are sent on a monthly basis within 30 calendar days after the end of each month.

  3. Investors can login into the portal to check the reports.

How often does the fund administrator calculate the Net Asset Value (NAV) of the fund?

On a monthly basis, to ensure accuracy and transparency.

Once the lock-up period expires, how often can I withdraw from the fund?

When the lock-up period expires, clients can withdraw once a month, on the first calendar day. However, redemption requests are subject to a redemption gate that is designed to ensure the stability and reliability of the fund.