AltNovel, a private markets platform in Abu Dhabi, has partnered with digital asset manager 3iQ to launch the AltNovel Digital Access Portfolio, 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.
Annual returns aimed at over 20%
ADAP aims to deliver lower volatility and drawdowns relative to long-only digital assets, targeting annualized returns of over 20% and mitigating drawdowns to as low as 2.4%. The fund combines 3iQ’s expertise in digital asset management with AltNovel’s innovative 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 plans to serve as a bridge between global investment opportunities and Middle East region 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 seeking to position itself at the forefront of both financial innovation and robust digital assets regulation and fund managers in the region say they are witnessing increased demand for strategies in the digitial assets space.
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The new fund will provide diversified exposure to digital asset investment strategies with the objective of both reducing volatility and delivering superior returns. The partnership aims to underscore the firms’ shared belief in the potential of digital assets to transform the global financial landscape.
