Investment firm announces intention to raise $250m fund on CDRX platform

Firm signs exclusive agreement to raise $250m fund

SINGAPORE/SEYCHELLES — November 20, 2018.

Parker Wright, a global investment firm has signed an exclusive agreement to raise up to $250m for it’s Quantitative AI fund on CDRX’s digital asset platform.

The raise follows the success of the seed fund which launched in Jan-2018 and has outperformed the S&P by more than 9% to Nov-2018.

While listed funds from firms including BlackRock, Inc. (BLK), The Blackstone Group LP (BX), Invesco Ltd (IVZ), Oak Tree Capital Group LLC (OAK) and Och-Ziff Capital Management Group LLC (OZM) have been available for some time, tokenised funds allow accredited investors access to a much larger array of funds, more cheaply and easily.

Parker Wright issued a statement today saying:

“Having conclusively demonstrated the performance of our Quantitative AI fund since January 2018, CDRX’s digital asset platform gives us the opportunity to open the fund to a wider pool of accredited investors and execute transactions at significantly lower cost compared to alternatives — these savings are a game changer for the investment community, which will directly benefit investors in the form of higher net returns.”

ABOUT CDRX

CDRX is a fintech business with offices in London and Singapore. It’s team includes includes veteran bankers from Goldman Sachs, JP Morgan, Merrill Lynch, HSBC and UBS, and is backed by an investment firm, an Asian family office and HNW investors.

Visit https://www.cdrx.io for more information

END

###

Join Us On Telegram: https://t.me/cdrxchange

Website: https://cdrx.io/

White Paper: https://cdrx.io/docs/wp/whitepaper-en.pdf

YouTube: https://www.youtube.com/watch?v=qkGYng5hZ_4

Instagram: https://www.instagram.com/cdrx.io

Twitter: https://www.twitter.com/cdrxchange