Further partners with 3iQ to launch $100 million crypto hedge fund

UAE-based digital asset manager Further Asset Management has partnered with 3iQ to launch a multi-strategy hedge fund.

Institutional investors, family offices and sovereign funds are among the backers of the new hedge fund, which has raised $100 million.

“This fund directly addresses the core challenges institutional investors face when accessing digital assets,” said Pascal St-Jean, President & CEO of 3iQ. “It provides a secure and efficient way to allocate within a framework that meets the highest standards of institutional due diligence. We believe this investment solution represents a true evolution in the market, empowering institutions and family offices to confidently pursue double-digit potential returns through a disciplined, risk-managed approach.”

“Together, Further and 3iQ are redefining digital asset investing,” said Faisal Al Hammadi, Managing Partner at Further. “We’re providing institutional-grade, risk-managed and scalable access to digital assets, including Bitcoin, within a structure that has successfully passed the rigorous institutional due diligence ​of leading global capital allocators​​.”

The market-neutral fund includes a Bitcoin share class.

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