The period of the initial subscription for the Element Blockchain Mining and Research Investment ended on July 31, 2017. Implementation of the strategy starts on August 1, 2017.
The Fund invests up to 80% of cash in equipment that provides processing of blockchain-networks. Up to 10% of cash is invested in regulated funds with actively managed strategies on the crypto currency market. The remaining liquidity is used to create a crowd-mining network.
According to the U.S. Securities and Exchange Commission Threesixty Elements S.A. investment adviser registration is currently effective and was effective at or before that time. As we meet these criteria we are required to file an annual updating amendment to Form ADV.
Such annual updating amendment was filed by Threesixty Elements S.A. on 1 March 2017. You can view the latest ADV form file from the US SEC IAPD. In addition to the amendment of ADV Form we updated the Part 2A Firm Brochure which is available on our website or on US SEC IAPD.
We are happy to inform you that Threesixty Elements S.A. was invited to introduce its funds to HFR Database, one of the largest hedge fund database. We are very proud to disclose the information on a par with the largest and well-known financial institutions.
Additionally we would like to remind that the same full information and hedge fund disclosing are also available with Bloomberg Professional Service.
Hedge Fund Research, Inc. (HFR) is the hedge fund industry's "go to" provider of hedge fund index information. HFR has innovated indices across the spectrum of hedge fund strategies and regions. HFR has become the chosen single-source of hedge fund information and analysis used by firms of all sizes.
In consideration of investment management services under the Investment Management Agreement between Element ONE and Threesixty Elements S.A. a new hurdle rate was set by the Parties agreement for the period of 2017. Additional information and the copy of agreement are available on the relevant webpage.