AltMoneyFund, short for Alternative Money Fund, is a crypto currency hedge fund that provides returns through a diversified portfolio of blockchain assets. The AltMoneyFund is headquartered in Manhattan Beach, California and was founded by John Chalekson in 2017. The AltMoneyFund actively manages their portfolio, and offers a monthly report and capital accounts that can be either redeemed or increased each month. Fees charged by the AltMoneyFund include a 2% management fee and a 20% performance fee for the incentivized allocation of profits.
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- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.