Current status of Kirsch Capital
We are transitioning our algorithmic strategy to work with cryptos. This required us to have to re-do relationships with our banks, auditors, etc.
We had 684 readers (to date) interested in investing $50K or more.
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We expect to have things all in place within 8 weeks, possibly sooner. It is amazing to me how slow things operate in the financial space, e.g., it takes over 6 weeks for our new bank (Silvergate) to open up new accounts (for anyone).
In the meantime, we’ve re-purposed that strategy and I’ve been using my personal funds to test it (since the company can’t move the money till we set up new relationships to “officially” invest in our account at the crypto exchange).
It has a track record of just over 30 days after being repurposed from stocks to the crypto space: my assets are up by 5.63% for the month. We are using FTX and have a Kirsch Capital account there.
My personal account is now #58 on their leaderboard in terms of 30-day trading volume (I’m currently doing over $10M in trading volume over the last 30 days):
You’ll get full daily details on performance before you’ll have an opportunity to invest.
So the purpose of this post is to let you know what is going on, things are going as expected, and set expectations of around 8 weeks before you hear from me again. We are basically just waiting for third parties.
With the new changes, we’ll be able to accept crypto investments in the fund as well as traditional investments.
Any chance for us lower end investors? 10K is NBD - 50K is maybe too rich for my blood at this stage of the game.
I'm upset that "Ancient Freakish Profusion" was already taken. Who does that? 😀