AltNovel, an Abu Dhabi-based private markets platform regulated by the Financial Services Regulatory Authority (FSRA), has partnered with 3iQ, a global digital asset investment manager, to launch the AltNovel Digital Access Portfolio, what it claims is the first ever digital asset multi-strategy fund in the Middle East.
ADAP is a multi-strategy portfolio of alpha-oriented digital asset hedge funds that seek to deliver high absolute returns with a reduced correlation to traditional assets and hedge funds.
The fund seeks improved risk-adjusted returns versus other assets such as Bitcoin, stocks and other digital assets.
It aims to deliver lower volatility and drawdowns relative to long-only digital assets, targeting annualized returns north of 20% and mitigating drawdowns to as low as 2.4%.
Designed for professional, qualified investors, the fund will combine 3iQ’s digital asset management with AltNovel’s portfolio structuring, to offer a diversified and balanced exposure to this rapidly growing asset class.
With its strategic location in ADGM, Abu Dhabi’s international financial center, AltNovel said it serves as a bridge between global investment opportunities and regional private wealth, democratizing private markets through technology.
“This partnership is a milestone for AltNovel as we continue to focus on bringing high-quality investment solutions to private investors in the GCC from our home in the ADGM,” said Stergios Voskopoulos, CEO of AltNovel. “Digital assets represent the next frontier in portfolio diversification, and this collaboration with a sector leader like 3iQ aligns with our commitment to offering forward institutional-grade, highly customizable digital asset investment opportunities tailored to their evolving needs.”
“The United Arab Emirates is at the forefront of financial innovation and robust digital assets regulation. As part of our global expansion plan, we are excited to partner with AltNovel to bring our expertise in risk management and digital asset strategies to the region. We are seeing an increasing demand for institutional risk-managed solutions,” said Pascal St-Jean, president and CEO of 3iQ.
The fund will provide diversified exposure to digital asset investment strategies to reduce volatility while delivering superior returns.