Tokenization-schmokenisation! Digitse – widgetize!…. What are we really on about?
There was a very interesting piece on Coinbase by the ever incomparable, always cerebral, forever insightful Frances Coppola last year. It addressed the real world issues around digital coins, tokenising assets and the actual custody of the underlying assets. For those who are interested, the link can be found here:
Frances Coppola: Tokenizing Assets as Crypto Is a Delusion
We agree with her on the general principle behind her column. The sad truth is that we, the founders of iHuddle, are no longer young and starry eyed and have been around the block for a while. Ergo, our hunger to make the world of asset management and disintermediated investment a “real” thing, is tempered by experience over the last two decades that shows that
This is why people invest their savings in regulated asset or investment managers. Apart from track record (we’re all humans and would rather invest with somebody who has won more than he or she has lost), we’re all hoping that a national regulator has done the needful to weed out the fraudsters, tricksters, hucksters and liars.
Not that it always works – BaFin really dropped the ball on Wirecard.
Wirecard scandal leaves German regulators under fire
Image courtesy of https://www.leaprate.com/financial-services/rules-and-regulation/bafin-takes-over-in-wirecard-balance-sheet-scandal/
You don’t even need to be a “bad guy” who wants to steal other peoples’ money. You could just be a really good guy, suffering from insane amounts of hubris because you benefited from the low rate bull cycle and thought you were untouchable. In common parlance this is referred to as “Who cares what the fund prospectus says eh? I know better!” akay the Woodford Syndrome.
Disgraced British fund manager Neil Woodford says sorry for huge losses as he announces comeback
Talk about chutzpah!
So… where do we come in?
If you’re a little guy, and you can’t meet the minimum ticket size to invest in Apollo Fund V (or even if you did and you just don’t want them skimming mad fees off the top), chances are you’re going to invest in a private club deal. You’ll have somebody in your circle who needs cash in some form or another, who you or your network knows, who is trustworthy, can’t run away. Provided that you are comfortable with the risk (and not some graduate at a banking desk), your personal syndicate is going to advance the funds. So far, so good. But!
That’s where we come in:
Check us out at:
iHuddle – Co-Investments and Club Deals