1. Who operates the fund, and under which law?
Behind every brand there should be a company with a legal name, a country of incorporation and a person accountable for the management. If all you can find is a website, a Telegram channel or a profile full of car photos, there will be no one to hold responsible when something goes wrong.
A good answer names the entity, the law that governs it and who makes the decisions. Check those details against independent sources, such as the country’s official company registry.
At Daleki Capital
Daleki Capital operates under Ecuadorian law through D-Legacy SAS, a company incorporated in Ecuador, by means of private contracts signed with each investor. It is not registered with United States securities authorities. The founder, Sebastián Delsalto, has a public profile and track record.
2. Which document binds you, and which binds the manager?
A pitch deck, a video or a chat is not a contract. What binds both sides is the signed document that sets the terms: fees, term, redemptions, risks, custody and how disputes are resolved.
Ask for the draft before you transfer any amount and read it calmly, ideally with your lawyer. If the manager will not show it before receiving your money, you already have your answer.
At Daleki Capital
The terms on each fund profile are for reference. The only binding terms are those in the private contract, which we review with you point by point before signing. Not a single dollar moves before that signature.
3. Where are the assets, and who can move them?
In digital assets, whoever controls the private keys controls the money. The key question goes beyond where the assets sit: who can sign a transfer, with how many approvals, and what happens if the manager disappears.
Ask whether your assets are kept apart from the manager’s and from other clients’. Commingled funds were at the heart of the industry’s largest collapses.
At Daleki Capital
We use segregated custody under contract: each investor’s contract specifies the custody and you receive periodic position reports.
4. What does it cost, exactly?
Most funds charge a management fee on assets under management and a performance fee on gains. The difference is in the details: what each fee is calculated on, how often it is charged and whether there is a high-water mark.
Without a high-water mark you can pay a performance fee twice for the same gain, once on the way up and again on the recovery after a drop. Ask about entry, exit, custody and execution costs as well, and have all of them written into the contract.
At Daleki Capital
Across all four funds: a 2% annual management fee and a 20% performance fee, only on net gains above your investment’s previous peak (high-water mark). Every cost is explained in writing before you invest.
5. When and how can you take your money out?
Every serious fund defines a minimum term, redemption windows and a notice period. Those rules protect everyone: they keep the manager from having to sell at the worst moment to pay whoever leaves first.
Be wary of anyone offering instant withdrawals at any time on assets that cannot be sold quickly. Ask, too, what happens to redemptions in extreme market conditions.
At Daleki Capital
A 12-month minimum term, then quarterly redemptions with prior notice of 60 days for the Bitcoin and Ethereum funds, and 90 days for the Innovation and AI funds.
6. What can the fund buy, and what is off limits?
A clear mandate says which assets go in, which stay out and which tools are banned, such as leverage or speculative derivatives. A manager who can buy anything has freedom, not a strategy.
Compare what the manager says in a meeting with what the contract allows. When they differ, the contract wins.
At Daleki Capital
Each fund profile publishes what goes in and what is excluded. None of the four funds uses sustained leverage.
7. What can go wrong, and how much could you lose?
A manager who only talks about upside is telling you half the story. Bitcoin and Ethereum have fallen more than 70% from their highs in previous bear markets, and smaller assets can lose everything.
Ask for the specific risks of the strategy: volatility, custody, liquidity, regulation and operational errors. The honest answer includes the possibility of losing all of your capital.
At Daleki Capital
Each fund states its risks and a risk level from 1 to 5. The full disclosures are published and linked from the footer of every page.
8. How, and how often, will you get reports?
You should know what you will receive, how often and in what format: positions, results, decisions taken and why. A useful report reads without a financial dictionary at hand.
Any performance figure should state its methodology and its period. A percentage without dates or method is advertising, not information.
At Daleki Capital
Periodic reports on positions, results and decisions in plain language. Every performance figure we publish states its methodology and its period.
9. Who decides, and by which rules?
Ask who makes the investment decisions, through what process and which rules are written in advance. Written rules protect investors from the worst enemy of any strategy: improvising on a day of panic or euphoria.
If the manager shows a track record, ask for the full detail: period, methodology and whether it reflects real client capital.
At Daleki Capital
Each fund profile describes its management rules in the “Written rules, not impulses” section. The founder has a name, a face and a public track record.
10. Are they promising anything, or rushing you?
No legitimate manager can promise a return in a market that can halve in weeks. Fixed gains, bonuses for bringing in friends and spots that “close today” are red flags.
A good manager gives you time, encourages you to talk to your lawyer and accepts that the right answer for you may be not to invest.
At Daleki Capital
We do not promise returns. Requesting information does not commit you to invest, and a manager reviews with you whether a fund fits before any contract.
Terms in this guide
Educational content. Not an investment recommendation or a public offering of securities. Investing in digital assets carries the risk of total loss. Risk disclosures