CLEVELAND, May 16, 2022 /PRNewswire/ — Gryphon Fund Group is pleased to announce, with IDX Advisors, the successful conversion of transfer agent operations to IDX Risk-Managed Bitcoin Strategy Fund (BTIDX)a Phoenix based, $68 million funds from May 9, 2022. The conversion completes the evolution from fund launch to full back-office offering with Gryphon.
Initially servicing IDX’s private fund offerings, Gryphon acted as a strategic partner from inception to launch of the IDX Funds trust. The SEC’s approval of Bitcoin-focused futures funds has made the transition to the registered funds space a priority for IDX. Thanks to Gryphon’s knowledge of the product and the regulatory environment, IDX has been able to develop one of the largest Bitcoin strategy mutual funds currently available.
Andre SwanCEO of IDX, said, “Gryphon has proven they understand our product and the mutual fund industry, providing us with their expertise and connecting us to their extensive network of industry professionals. Their unique skills and global approach have contributed to the development of the IDX Funds trust. . The transfer agent’s conversion to Gryphon is a continuing testament to their quality of work.”
“Gryphon is always thrilled to take on challenging and unique strategies, especially working with an organization like IDX. It’s a relationship where we’ve had the privilege of growing together. Gryphon prides itself on its ability to think outside the box. , to take a personalized approach and help our clients find the best way to serve their investors,” noted Gordy Jones, Fellow at Gryphon and Chief Financial Officer of IDX Funds. “This product launch and subsequent TA conversion required us to be both adaptable and proactive. Our team did just that,” added Chris McLarenManaging Member at Gryphon.
About IDX Advisors
IDX Advisors is an SEC-registered investment adviser and quantitative asset manager specializing in solving common challenges associated with owning digital assets as a fiduciary. IDX has offices in Phoenix, AZ and Tampa, Floridaand advises on the assets of $650 million.
About the Gryphon Group of Funds
Griffin is a Cleveland, Ohio based fund administration company, serving both registered and private investment companies. Serving over 75 funds with over $6 billion In assets under administration, Gryphon’s clientele includes mutual funds, venture capital funds, private equity funds and hedge funds.
SOURCE Gryphon Fund Group
