Arca Launches Actively Managed ‘Digital Yield’ Fund

Digital-asset management firm Arca launched its Arca Digital Yield fund Monday, which it says is the first actively managed income fund in the digital-assets sector.

• The fund seeks to offer a digital-asset investment with minimal volatility and is targeting effective yields in the low double digits.
• The fund was opened with early access capital from internal and existing investors, and will be available to other investors later this year.
• Arca Chief Investment Officer Jeff Dorman and portfolio manager Hassan Bassiri will jointly manage the new fund.
• Dorman said in a statement he believes an actively managed fund was a better option than the passive funds currently available because it allowed Arca to take advantage of variable rates of return across different segments of the digital-asset class.