Beam Capital Management, a New York-based investment adviser, has unveiled a separately managed account strategy, which invests in the publicly traded securities of firms leveraging blockchain technology.
The new vehicle, dubbed Blockchain Leaders SMA, will however refrain from directly investing in bitcoin, bitcoin futures, digital currency as well as other coin offerings.
Mohannad Aama, the CIO of Beam Capital, will oversee the new strategy as portfolio manager.
The strategy will be initially available to the firm’s new and existing individual and institutional clients and other advisers using TD Ameritrade Institutional as custodian.
“We expect the universe of publicly traded Blockchain stocks to significantly increase in 2018 and beyond. We believe that a professionally managed separately managed account offers easy access, transparency, liquidity, and control – 4 essential aspects of investing that individual and institutional investors value the most – particularly when it comes to investing in a new and potentially disruptive technology,” Aama noted.