AltNovel and 3iQ Launch First Digital Asset Multi-Strategy Fund in the Middle East
By: unlock-bc|2025/05/07 17:15:01
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Abu Dhabi-based AltNovel, a private markets platform regulated by the Financial Services Regulatory Authority (FSRA), has partnered with global digital asset investment firm 3iQ to launch the AltNovel Digital Access Portfolio (ADAP)—the first digital asset multi-strategy fund in the Middle East.ADAP will invest across a range of alpha-focused digital asset hedge funds, aiming to deliver strong absolute returns while maintaining low correlation with traditional markets and hedge fund strategies. With a focus on improved risk-adjusted performance compared to Bitcoin, equities, and other digital assets, the fund targets annualized returns of over 20%, with efforts to limit drawdowns to as little as 2.4%.By blending 3iQ’s deep digital asset investment experience with AltNovel’s innovative portfolio design, the fund is tailored for professional and qualified investors seeking balanced exposure to the rapidly evolving digital asset space.Strategically headquartered in Abu Dhabi Global Market (ADGM), AltNovel acts as a connector between global investment vehicles and regional wealth, using technology to make private markets more accessible.“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.”3iQ’s leadership echoed the vision for digital asset growth in the region: “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 is designed to deliver high performance with reduced volatility by providing diversified exposure across digital asset strategies. The collaboration reflects both firms’ shared commitment to advancing the role of digital assets in reshaping global finance.The post AltNovel and 3iQ Launch First Digital Asset Multi-Strategy Fund in the Middle East appeared first on UNLOCK Blockchain.
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