Separately Managed Accounts (SMAs) are outsourced investment portfolios / strategies tailored to meet the specific preferences, risk tolerance, and objectives of an individual investor or institutional client. Unlike pooled investment funds where multiple investors share a single portfolio, SMAs allow investors to retain direct ownership of assets and maintain transparency without their holdings leaving their Deribit account.
Deribit can introduce to investors multiple SMA providers, and the differences and investment strategies are shown below. Ultimately the customer enters into an agreement with the SMA provider and once the key terms (strategy, fees etc.) are agreed upon, the customer shares an API key with the SMA for a specific Deribit sub-account. This key should not have the ability to withdraw funds so that the investor retain full control on his assets.
|
SMA |
Strategy Type |
# Different Strategies |
Sharpe Ratio |
Fee indication |
Contact |
Website |
|---|---|---|---|---|---|---|
|
Active Digital |
Volatility Arbitrage |
1 |
>3 |
30% performance fee |
||
|
Aures |
|
3 |
Varies depending on strategy |
30% performance fee No management fee |
||
|
Ferro |
|
4 |
4.17-5.5 |
30% performance fee No management fee |
||
|
GrandLine |
|
6 |
Varies depending on strategy |
30% performance fee No management fee |
||
|
Hedgit |
|
5 |
>2 |
Varies depending on strategy |
||
|
Liberty Road |
Covered Call & Covered Put |
2 |
2 |
20% performance fee 2% management fee |
||
|
ML Tech |
|
20 |
Varies depending on strategy |
30% performance fee 1% management fee |
||
|
Mymo |
|
3 |
Varies depending on strategy |
20% performance fee No management fee |
||
|
NOX Trading |
|
4 |
Varies depending on strategy |
25% performance fee 2% admin fee |
||
|
Teks Capital |
Enhanced BTC Returns - EBR |
1 |
3.57 |
20% performance fee No management fee |
Note
For SMA subaccounts, a broker’s fee is applied to all SMA-executed trades. The SMA subaccount’s trading volume is not included in the main account volume calculation.
Disclaimer:
The listing of SMA (Separately Managed Account) providers on the Deribit website is for informational purposes only and does not constitute an endorsement, recommendation, or validation of the quality, reliability, or performance of any SMA provider or their strategies. Deribit does not vet, monitor, or oversee the services, strategies, or performance of the SMA providers listed on its platform.
The contractual engagement and agreements between Deribit customers and SMA providers are independent of Deribit, and Deribit has no role, responsibility, or influence over the terms, execution, or outcomes of these arrangements. Customers are solely responsible for conducting their own due diligence before engaging with any SMA provider.
Deribit shall not be liable for any losses, damages, or other consequences arising from or in connection with the performance, conduct, or services of SMA providers. By engaging with an SMA provider, customers acknowledge and agree that Deribit has no obligation or responsibility for the quality, accuracy, or outcomes of the services provided or any strategies implemented.