Introductory call
A 30-minute discussion covering investment horizon, liquidity requirements and risk tolerance, and which fund is appropriate.
Within the same weekHedged exposure to digital asset markets
Whale Ground SPC Limited manages two funds from the British Virgin Islands. WG2-S invests exclusively in stablecoin and stablecoin-equivalent instruments. WG2-A maintains 60 to 80 per cent of its portfolio in non-directional strategies, with directional exposure capped by mandate.
WG2-A monthly net return
WG2-S monthly distribution
- Administrator
- Ascent Fund Services (Singapore)
- Auditor
- Bowman Group
- Custodians
- Fireblocks, Kryptodian, BitGo, Gnosis
- Domicile
- Whale Ground SPC Limited, BVI
Fund comparison
Both funds appoint the same administrator, auditor and custodians. They differ in portfolio composition, liquidity terms and expected volatility.
| WG2-SStable Yield | WG2-AAdaptive Yield | |
|---|---|---|
| Investment objective | Capital preservation and a return in excess of inflation, distributed monthly | Capital growth with controlled volatility and limited directional exposure |
| Portfolio composition | Stablecoin and stablecoin-equivalent instruments only | 60 to 80% non-directional; 20 to 40% directional across BTC, ETH, SOL, BNB and gold |
| Target return | 6 to 10% per annum | 12 to 25% per annum under normal market conditions |
| Return distribution | Rate declared at the start of each month and distributed at month end | Returns accrue to net asset value; no declared rate |
| Historical drawdown | No negative month recorded since inception | Maximum drawdown of 5 to 7% |
| Liquidity terms | Monthly. A 1% redemption fee applies to holdings below 100,000 USDT redeemed within six months | Six-month soft lock, subject to a 2% early redemption fee |
| Fees | 1% subscription fee | 2% management fee per annum; 20% performance fee subject to a high-water mark |
| Minimum subscription | 100,000 USDT; lesser amounts subject to director approval | 100,000 USDT; additional subscriptions in 10,000 USDT increments |
| Benchmark | US 3-month Treasury Bills | S&P 500 and CSI 300 |
Fund detail
Risk management framework
Each control set out below is either specified in the fund mandate or carried out by an independent third party. Net asset value is determined by the administrator, not by the manager.
Valuation
Ascent Fund Services, monthly
Net asset value is calculated monthly by an independent fund administrator and audited annually by Bowman Group. Investor statements are issued only once valuation has been finalised.
Market risk
Capped by mandate
Non-directional positions are hedged and rebalanced within defined tolerance bands. Directional exposure in WG2-A is limited to a fixed proportion of the portfolio irrespective of market view. WG2-S carries no directional exposure.
Counterparty risk
Fireblocks, Kryptodian, BitGo, Gnosis
Assets are held with regulated custodians and distributed across multiple venues subject to a per-counterparty exposure limit.
Smart contract risk
Screened before allocation
Protocols are required to satisfy audit history, minimum operating period and total value locked thresholds prior to allocation. Newly approved protocols are subject to an initial weighting cap.
Operational controls
Segregation of duties
Instruction, approval and settlement functions are segregated. All transfers require multi-signature authorisation.
Subscription process
Subscriptions are accepted monthly. Each application is reviewed by the manager prior to acceptance.
Documentation
The offering memorandum and subscription agreement are issued. Know-your-customer and source-of-funds verification is completed.
Five to seven business daysFunding
Subscription monies are transferred in USDT to the registered fund wallet. Units are issued at the next monthly subscription date.
By month endReporting
Statements, quarterly letters and briefing invitations commence. Returns are distributed or reinvested according to the share class elected.
OngoingDocuments
Fact sheets and the fund brochure are provided by email. The offering memorandum is issued following an introductory call.
Investor reporting
Whale Ground limits the number of investors it accepts. All investors receive identical reporting on the same schedule and have direct access to the investment team.
Monthly
Statements and fact sheets
Position-level reporting on both funds, issued once the administrator has finalised net asset value.
Quarterly
Investor letters
A review of performance, portfolio positioning and any adjustments to strategy, prepared by the investment team.
By invitation
Briefings and forums
Small-group sessions covering portfolio positioning and market structure, held in private and not recorded.
On request
Investor relations
Enquiries are answered within one business day, with access to the investment team where the question requires it.
Contact investor relations
Please indicate which fund is under consideration and the approximate size of allocation. Investor relations will respond within one business day to arrange a time.
- Minimum subscription
- 100,000 USDT
- Subscription dates
- Monthly; applications by the 15th
- Response time
- Within one business day
Enquiry received
Investor relations will confirm a meeting time by email within one business day.