Further, 3iQ launch $100M fund that compounds returns in Bitcoin
Further and 3iQ launched a $100 million market-neutral crypto hedge fund for institutions with a Bitcoin share class reinvesting gains.Summary
Further Asset Management, based in the UAE, has partnered with Canadian firm 3iQ to launch the Further x 3iQ Alpha Digital Fund, a $100 million market-neutral, multi-strategy hedge fund aimed at institutional investors. This fund offers risk-managed exposure to liquid crypto markets and was seeded by institutional investors, family offices, and sovereign backers. A key feature is its dedicated Bitcoin share class, allowing qualifying investors to subscribe in BTC and receive returns denominated in BTC, designed to steadily increase Bitcoin holdings. Faisal Al Hammadi of Further stated this provides institutional-grade access, while Pascal St-Jean of 3iQ noted the structure aims for potential double-digit returns. This launch follows similar moves by other firms, such as Coinbase's announcement of a Bitcoin Yield Fund for international institutional investors.
(Source：Cointelegraph)