Product Specifications
| Launch date | |
| Strategy | Discretionary & systematic |
| Structure | Regulated AIF (Estonia) |
| Reference currency | USD |
| Minimum investment | 50 000 € |
| Accepted currencies | EUR · USD · MiCA Stablecoins |
| Leverage | Yes (x2 max) |
| Liquidity | Quarterly |
| Minimum commitment | 1 year |
| Fund manager | SparkCore.investment OÜ |
| Brokers & custodians | Fipto · OKX · Binance |
| Legal counsel | Hedman Partners & Co |
| Accounting | KPMG |
| Compliance | Alpha UMI · Compliance Factory |
Fees
Entry
0%
No entry fee.
Management
2%
Per year, quarterly.
Performance
20%
High-Water Mark.
Exit
0%*
*4% before 1 year.
Key Figures
Annualised return
+50.0%
Max drawdown
-37.1%
Volatility
32.7%
Sharpe / Sortino
1.41 / 2.09
Team
Manager · Trading & Strategy
Olivier Sayegh
20+ years trading, co-founder DSM. Technical analysis strategies on crypto-assets.
Manager · Tech & Systems
Alexandre Vinal
Software engineer. Crypto investor since 2014. Founder Cointips, co-founder DSM.
Manager · Structuring
Paul-Antoine Pons
7+ years in financial markets & crypto-assets. Founder of SparkCore.investment OÜ.
Strategy Overview
Dynamic Trends is an active directional strategy designed to capture the major bull trends in the crypto-asset market, while limiting the impact of corrective phases. It relies on a two-block architecture combining a directional Bitcoin exposure and a defensive algorithmic engine, continuously adjusted to market conditions.
Offensive block · 50% AUM
Bitcoin Directional
Active Bitcoin exposure — core of the portfolio — adjusted to trend signals. Variable allocation from 30% to 100%. Moderate leverage up to x2, used selectively in confirmed bull phases. Opportunistic inclusion of major altcoins in support.
Defensive block · 50% AUM
Neutral Algorithmic
Market-neutral strategies: funding rate arbitrage (delta neutral), high-frequency micro-trading and quantitative models with low directional correlation. Generates steady returns independently of market conditions. No directional leverage.
Overall strategic balance — Profits generated by the defensive block are reallocated at each rebalancing: they reinforce offensive exposure during bull phases and enable continuous accumulation during downturns. This mechanism allows the strategy to remain disciplined throughout the cycle, without relying on precise market timing.
Risk profile — Designed for investors convinced of Bitcoin's long-term potential, Dynamic Trends seeks to outperform the underlying asset over a medium / long-term horizon, with a historical maximum drawdown of -37.1% and an annualised volatility of 32.8%, lower than Bitcoin alone over the same period.
Performance Evolution — Base 100 · Logarithmic Scale
Dynamic Trends
Bitcoin
Data prior to 01/08/2025 from real strategies on managed accounts, no backtest. Gross of fees.
Monthly Performance History (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 35.3 | -1.2 | -11.6 | 25.9 | 8.3 | -5.9 | 31.5 | 12.8 | -19.3 | 5.3 | 36.2 | 13.4 | 195.4 |
| 2021 | 30.4 | 28.4 | 12.5 | 18.7 | -3.8 | -3.1 | 4.4 | 31.2 | -6.2 | 13.4 | -0.4 | -4.4 | 189.1 |
| 2022 | -6.4 | 2.3 | 3.2 | -0.2 | 0.5 | -7.0 | 7.7 | -5.1 | 0.6 | 5.6 | 1.3 | -2.6 | -1.3 |
| 2023 | 22.6 | -0.3 | 1.2 | -2.7 | -0.6 | 10.0 | 1.7 | -8.0 | 4.2 | 15.9 | 16.8 | 26.4 | 122.1 |
| 2024 | -5.2 | 38.3 | 21.7 | -14.3 | 7.0 | -6.2 | -2.4 | -7.2 | 3.0 | 4.9 | 78.2 | -2.6 | 133.0 |
| 2025 | -1.9 | -11.0 | -1.5 | 6.9 | 1.3 | -1.2 | 15.4 | -1.5 | 2.9 | 1.0 | -6.0 | -2.4 | -0.3 |
| 2026 | -4.7 | -9.1 | — | — | — | — | — | — | — | — | — | — | -13.3 |
Past performance does not guarantee future results.