Canadian Investment Fund Manager 3iQ Partners with AltNovel to Launch the First Multi-Strategy Digital Assets Fund in the Middle East

The landscape of digital asset investments in the Middle East is set to evolve with the launch of the AltNovel Digital Access Portfolio (ADAP). This groundbreaking fund is the result of a collaboration between Canadian investment fund manager 3iQ and Abu Dhabi-based alternative investments firm AltNovel. ADAP is the region’s first multi-strategy digital assets fund, offering a unique opportunity for institutional investors to diversify their portfolios.

What Sets ADAP Apart?

ADAP targets qualified institutional investors, providing exposure to digital assets with reduced correlation to traditional investments such as stocks and hedge funds. The fund aims to deliver improved risk-adjusted returns, particularly when compared to assets like Bitcoin and equities. By focusing on diversification and balanced exposure, ADAP is designed to minimize volatility and drawdowns, making it an attractive option for investors seeking stability in the dynamic digital asset market.

According to AltNovel, the fund’s goal is to achieve annualized returns of 20% or more while keeping drawdowns as low as 2.4%. This strategic approach offers investors the potential for consistent returns without exposing their portfolios to excessive risk.

Key Features of the AltNovel Digital Access Portfolio

  • Target Audience: Qualified institutional investors looking for exposure to digital assets.
  • Risk Mitigation: Reduced correlation to traditional assets and hedge funds.
  • Performance Goals: Annualized returns of 20% with drawdowns limited to 2.4%.
  • Technology Integration: Democratized access via blockchain technology.

Bridging Local and Global Investment Opportunities

The launch of ADAP is particularly significant for institutional investors in the United Arab Emirates, specifically within Abu Dhabi’s international financial center. The fund acts as a bridge between local private wealth markets and global investment opportunities, enabling investors to capitalize on the benefits of blockchain technology while diversifying their portfolios.

Stergios Voskopoulos, CEO of AltNovel, emphasized the importance of this partnership, stating,

“Digital assets represent the next frontier in portfolio diversification, and this collaboration with a sector leader like 3iQ aligns with our commitment to offering institutional-grade, highly customizable digital asset investment opportunities tailored to their evolving needs.”

3iQ’s Track Record in Innovation

Founded in 2012, 3iQ has consistently been at the forefront of digital asset investment solutions. The firm was the first to launch Bitcoin and Ethereum exchange-traded products (ETPs) listed on a global stock exchange. Additionally, 3iQ has integrated staking into its Ethereum ETPs and recently introduced the first Solana staking exchange-traded fund in Canada.

The partnership with AltNovel further solidifies 3iQ’s reputation as a leader in the digital asset investment space, offering institutional investors cutting-edge solutions tailored to meet their needs.

Final Thoughts

The AltNovel Digital Access Portfolio marks a significant milestone in the Middle East’s financial landscape, providing institutional investors with an innovative way to tap into the growing world of digital assets. With its focus on diversification, risk mitigation, and blockchain technology, ADAP is poised to become a key player in the region’s investment ecosystem.

As the digital asset market continues to expand, collaborations like the one between 3iQ and AltNovel highlight the importance of offering institutional-grade solutions that align with evolving investor needs.

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