Joshua Peck is the Founder of TrueCode Capital, a company created to provide risk-managed exposure and long-term growth in the emerging cryptocurrency market for family offices and qualified investors. In this interview with TechBullion, Joshua will be sharing more insights with us on the emerging cryptocurrency market and his mission at TrueCode Capital.
Please tell us more about yourself?
Joshua M. Peck, founder of TrueCode Capital, a crypto hedge fund designed to create asymmetric growth for family offices and high-net-worth families
Could you talk about your career before TrueCode.
I began my career in support of academic research as a Systems Engineer where I was an advisor to the Kansas Board of Regents for systems engineering and cybersecurity. Later I co-founded as CTO a technology startup where I designed quantitative advertising yield optimization technologies specialized in FinTech. I retired from that business for a number of years, so TrueCode is a mission for me. I’m protecting families from the dangers of the crypto markets as part of the contribution phase of my life.
What is TrueCode Capital, and what unique services do you provide?
TrueCode Capital is a quantitative hedge fund, which means we write software that manages investments on behalf of our clients.
Why did you create TrueCode Capital, and how does it work?
I created it because I needed it to manage my own cryptocurrency portfolio and now I’m allowing a limited number of others to invest along with me. I spent nearly ten years testing different strategies to design the strategies we employ at TrueCode. It is the unique best risk versus reward available in the cryptocurrency hedge fund space.
TrueCode Capital is a risk-first quantitative hedge fund that helps family offices and high-net-worth individuals grow family wealth by creating asymmetric growth opportunities
TrueCode Capital leverages the latest financial engineering, machine learning, and operations research techniques to create funds that deliver asymmetric growth for its clients.
Spun off from the private family office of the founder after years of success in private incubator funds.
What exactly is the Crypto Momentum Fund?
Provides an opportunity for asymmetric portfolio growth by creating an algorithmic risk-managed exposure to the long-term growth in the emerging cryptocurrency market
TrueCode launched a cryptocurrency fund after a successful multi-year year track record in an incubator fund
Focused on preserving and growing capital by utilizing three core systems that provide a complete risk management system for cryptocurrency investors and allow for greater allocation to the asset class:
TrueCode Asset Selection Model
TrueCode Dynamic Weighting System
TrueCode Intelligent Signals API
What do investors get wrong about investing in cryptocurrencies?
They think strategies that work in other investments will work well for crypto. For example, indexing works well in equities which have led to index funds being a popular product, but cryptocurrencies are software technology projects. So venture math comes into play. There will not be a large number of equally valuable cryptocurrencies any more so than there are a large number of equally valuable Search Engines or Mobile Phone companies. Technology projects are winner-take-all games and the current skewed market caps toward a very few, very large cryptocurrencies reflect that.
They fail to recognize that cryptocurrencies have a different set of risks from any asset they’ve invested in before. For example, during the recent failure of the LUNA token, many investors incorrectly believed the UST token was equal to the US Dollar and that they had found a riskless way to earn 20%+ APY. They later found out that the high APY was actually a Risk Premium awarded to investors for undertaking the risk of total loss. Similarly, the Celsius Network took advantage of investor greed and has created tremendous losses and endless stress for families.
Who should be investing with TrueCode?
People who love their children.
I built TrueCode to manage the generational wealth for my children and now other families have a limited opportunity to come under our umbrella of protection. Crypto investing is risky and it takes a great deal of experience to understand why every detail of TrueCode is designed the way it is.
What is your opinion on the current volatility of the cryptocurrency market, and what is the future for the market?
This is normal and expected volatility. I built TrueCode to prosper from this volatility and we’re looking forward to buying assets for twenty to thirty cents on the dollar.
Any success stories or use cases you would like to share with us?
We are in the middle of the greatest success story no one is talking about. We missed nearly all of the recent bear market, so we have ample dry powder to repurchase assets with in the future.
What is next on your roadmap, do you have more information for our readers today?
I am finishing writing a book on Cryptocurrency Risk Management for Family Wealth that is scheduled to be released in the fall. I know that very few families will have an opportunity to invest with us, but all families should have the right information about how to successfully navigate the crypto markets.
For more information, visit the website: TruecodeCapital.com