What is SparkCore Fund Management?

SparkCore Fund Management (legal entity: SparkCore.investment OÜ) is a regulated Alternative Investment Fund Manager (AIFM) based in Estonia, licensed by Finantsinspektsioon, managing crypto-asset funds for qualified investors.

What is the minimum investment in SparkCore funds?

The minimum investment is €50,000, restricted to qualified or professional investors. Subscriptions are accepted in EUR, USD, and regulated stablecoins.

Is SparkCore Fund Management regulated?

Yes. SparkCore.investment OÜ (trading as SparkCore Fund Management) is registered with Finantsinspektsioon (Estonian Financial Supervisory Authority) as a small alternative investment fund manager and holds an EFIU Financial Institution licence.

What funds does SparkCore manage?

SparkCore manages three funds: Dynamic Trends (high risk, directional exposure to crypto-assets targeting Bitcoin outperformance), CryptoVision (moderate risk, algorithmic defensive approach with controlled volatility), and Equinoxe (low risk, market-neutral — planned launch in 2026).

Who founded SparkCore?

SparkCore Fund Management was founded by three Managing Partners: Paul-Antoine PONS (over 7 years in financial markets and crypto-assets, founder of SparkCore.investment OÜ), Olivier SAYEGH (20+ years in trading, co-founder of DSM), and Alexandre VINAL (software engineer investing in crypto since 2014, founder of the Cointips YouTube channel and co-founder of DSM).

What are SparkCore's fees?

SparkCore charges a 2% annual management fee and a 20% performance fee with High Water Mark, calculated quarterly. Entry and exit fees are 0% (a 4% early commitment break applies for redemptions before the 1-year minimum commitment). Subscriptions are accepted in EUR, USD, and MiCA-compliant stablecoins.

Learn more about SparkCore?

First name *

Last name *

Phone

Email address *

How did you hear about us? *

Select an option

New AIF vs AIFM: What's the Difference for Crypto Funds

Institutional-grade strategies in digital assets

Three distinct approaches. One regulated framework. Managed for investors who demand precision.

Regulator

Finantsinspektsioon (EE) — Small Fund Manager

Accounting

Big Four firm

Legal Counsel

Hedman Partners & Co

LEI

8945003BBN0RVNNB0S84

Our approach

Disciplined, regulated exposure to digital asset markets — with the operational rigour you expect from institutional alternative managers.

Disciplined

Each strategy operates with explicit risk targets, systematic position-sizing, and an independent algorithmic defensive core.

Transparent

Monthly investor letters, quarterly NAV with Big Four-audited accounting, and on-demand portfolio reporting.

Regulated

Estonian AIF structure supervised by Finantsinspektsioon — the same operational framework as traditional alternative asset managers.

Our digital asset investment strategies

Three complementary funds — Dynamic Trends, CryptoVision and Equinoxe — designed for different risk profiles within a regulated institutional management framework.

Offensive pillar

Dynamic Trends

Bitcoin conviction, managed with discipline.

Summary

An offensive directional strategy focused on Bitcoin.

Objective

Outperform Bitcoin over the medium / long term, with exposure managed according to market conditions.

Directional engine

Dominant

Bitcoin exposure with moderate leverage (max 2x), strictly controlled.

Defensive sleeve

Secondary

Weakly correlated strategies to strengthen overall robustness.

Balanced pillar

CryptoVision

Tapping into the potential of digital assets.

Summary

An active strategy on digital assets, defensive by nature.

Objective

Deliver steady performance with controlled volatility and limited drawdown, even during phases of market instability.

Core base

Dominant

Market-neutral strategies and defensive algorithmic approaches. No directional leverage.

Directional sleeve

Secondary

Dynamic exposure focused mainly on Bitcoin and Ethereum. Moderate leverage, strictly controlled.

Defensive pillar

Equinoxe

Non-directional performance at the heart of crypto-assets.

Summary

A neutral strategy with returns independent of market direction.

Objective

Generate steady performance from relative spreads and arbitrage opportunities.

Relative selection

Dominant

Long/Short Beta Neutral: capturing performance spreads between digital assets.

Arbitrage

Secondary

Relative Value / Arbitrage: exploiting price or yield spreads between related instruments.

Performance Evolution

The Dynamic Trends fund has been operational since 1 August 2025. Prior performance data derives from real strategies executed on managed accounts, with no backtesting. Past performance does not guarantee future results.

Meet our team

Paul-Antoine Pons

Managing Partner

With over 7 years of experience in financial markets and crypto-assets, Paul-Antoine has guided several high net worth individuals in their investments. He founded SparkCore Fund Management (SparkCore.investment OÜ), a regulated alternative investment fund manager.

Olivier Sayegh

Managing Partner

Active in trading for over twenty years, Olivier began in equity markets before turning to crypto-assets in 2017. Co-founder of DSM, he applies a methodology combining technical analysis and innovative strategies to optimise portfolio performance.

Alexandre Vinal

Managing Partner

Software engineer, Alexandre has invested in crypto-assets since 2014. Founder of the Cointips YouTube channel in 2017 and co-founder of DSM in 2020, he also leads a private community of crypto-asset investors.

Subscribe to our newsletter

Receive in-depth monthly analysis of the crypto-asset market.

By subscribing, you consent to receiving our monthly newsletter. No data is shared with third parties. You may unsubscribe at any time. Privacy Policy.

Invest with us

Investment in funds managed by SparkCore is reserved for experienced investors, institutional investors and family offices. The minimum investment per investor is €50,000, in EUR, USD or regulated stablecoins.

Request information

We will contact you with further details

Sign the required documents

Become an investor

Services for managers

White Label Solution

SparkCore makes its regulated infrastructure available to enable third-party managers to launch their own alternative investment fund.

What SparkCore provides

Registered fund manager

Registered with Finantsinspektsioon (EFSA) — supervised Small Fund Manager regime. Financial Institution licence issued by EFIU (KYC/AML).
Full legal structuring

Creation of the fund vehicle (usaldusfond), drafting of regulatory documents (Partnership Agreement, Subscription Agreement, Redemption Request).
Operational infrastructure

Access to platforms (Binance, Kraken, OKX, ByBit), EUR/USD banking access — SEPA & SWIFT, multi-signature security, NAV/performance management software.
Accounting & reporting

Accounting handled by a Big Four firm. Production and distribution of investor reporting. Regulatory reporting to EFSA and the Bank of Estonia. Automated fee and NAV calculation.
Favourable taxation

No tax at fund level. No withholding tax on distributions to foreign investors.

30 days

From decision to fund opening for subscriptions. Some platforms may require additional time subject to their internal KYB procedures.

What you manage

Strategy

Definition and execution of the fund's investment policy.

Fundraising

Investor relations and fund marketing.

Management commentary

You provide SparkCore with a periodic commentary integrated into the reporting sent to your investors.

Regulatory framework

AIF structured under Estonian law (usaldusfond)

Qualified/accredited investors (no limit), up to 149 retail investors per EU country

Dual MLRO system: internal (FIU-registered) + external crypto-specialist, in direct contact with investors.

AML 5 / AML 6 compliant — SparkCore as official regulatory representative