According to TechFlow, on December 3, PRNewswire reported that UAE digital asset investment management firm Further Asset Management and global digital asset investment solutions pioneer 3iQ Corp. jointly announced the launch of the Further x 3iQ Alpha Digital Fund. This is a market-neutral, multi-strategy hedge fund that provides risk-managed digital asset exposure, including a dedicated Bitcoin share class.
The fund has received $100 million in seed funding from institutional investors, family offices, and sovereign investors. It aims to enable institutional investors, family offices, and sovereign wealth funds to efficiently and securely capture excess returns in the liquid digital asset space within a robust institutional framework, targeting potential double-digit returns.
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