Key Takeaways
- • Further Asset Management and 3iQ Corp. launched the Further x 3iQ Alpha Digital, a market-neutral, multi-strategy hedge fund offering risk-managed exposure to digital assets, seeded with US$100 million.
- • Seed capital comes from institutional, family office and sovereign investors, according to the announcement.
- • The fund includes a dedicated Bitcoin share class that allows subscription in BTC and compounds strategy returns in BTC.
- • 3iQ CEO Pascal St-Jean says the fund is designed to meet institutional due diligence standards and targets double-digit potential returns, though no performance track record was disclosed.
- • The launch builds on 3iQ's QMAP digital assets managed account platform.
Summary
Further Asset Management, a UAE-based digital asset investment manager, and 3iQ Corp., a digital asset investment solutions provider, announced the launch of the Further x 3iQ Alpha Digital (the Fund), a market-neutral, multi-strategy hedge fund offering risk-managed exposure to digital assets. The Fund was seeded with US$100 million from institutional, family office and sovereign investors, which the partners describe as a sovereign-backed step into the digital asset ecosystem.
3iQ President and CEO Pascal St-Jean said the Fund addresses core challenges institutional investors face when accessing digital assets, providing a secure and efficient allocation framework that meets institutional due diligence standards. He said the partners aim to help institutions and family offices pursue double-digit potential returns through a disciplined, risk-managed approach. Faisal Al Hammadi, Managing Partner at Further, said the partnership provides institutional-grade, risk-managed and scalable access to digital assets, including Bitcoin, and noted the structure has passed due diligence reviews by leading global capital allocators.
A distinctive feature is the Fund's Bitcoin share class, which lets BTC holders subscribe in bitcoin and compound strategy returns in BTC without giving up exposure to the underlying asset. The announcement presents this as a way to stay fully invested in BTC while seeking to capture digital market alpha.
The launch builds on 3iQ's earlier work, including QMAP, which it describes as the world's first Digital Assets Managed Account Platform. The announcement did not disclose fee terms, a performance track record, or the Fund's domicile, and return targets remain forward-looking claims from the managers.
3iQ President and CEO Pascal St-Jean said the Fund addresses core challenges institutional investors face when accessing digital assets, providing a secure and efficient allocation framework that meets institutional due diligence standards. He said the partners aim to help institutions and family offices pursue double-digit potential returns through a disciplined, risk-managed approach. Faisal Al Hammadi, Managing Partner at Further, said the partnership provides institutional-grade, risk-managed and scalable access to digital assets, including Bitcoin, and noted the structure has passed due diligence reviews by leading global capital allocators.
A distinctive feature is the Fund's Bitcoin share class, which lets BTC holders subscribe in bitcoin and compound strategy returns in BTC without giving up exposure to the underlying asset. The announcement presents this as a way to stay fully invested in BTC while seeking to capture digital market alpha.
The launch builds on 3iQ's earlier work, including QMAP, which it describes as the world's first Digital Assets Managed Account Platform. The announcement did not disclose fee terms, a performance track record, or the Fund's domicile, and return targets remain forward-looking claims from the managers.
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