Deliver Consistent
Positive Returns
Crypto asset algorithmic trading fund designed to deliver consistent positive retunes over the long term.
Operated through an en commandite partnership (non-CIS) Qualified investors only

Executive Summary
The Nova Strategy implements systematic algorithmic trading within crypto asset markets, targeting positive, risk-adjusted returns over an extended time horizon while maintaining controlled exposure to underlying crypto assets to mitigate volatility and safeguard capital.
KEY FACTS
INVESTMENT OBJECTIVE
20%–30% p.a., net of fees
INVESTMENT STRUCTURE
En-commandite partnership (non-CIS)
LOCK-UP
3 months
IRISK LEVEL
High
MIN. INVESTMENT PERIOD
1 year
MIN. INVESTMENT AMOUNT
USD 50,000
TARGET MARKET
Qualified investors: asset managers, institutional investors & high-net-worth individuals
CAPITALISATION & COMMITMENT
Min. Launch AUM
USD 1 million
Investor Commitments
LP proportional to committed capital
Redemptions
Subject to prevailing market conditions at exit
INVESTMENT STRATEGY
Crypto Asset Arbitrage
Capitalising on price inefficiencies across crypto asset exchanges for assets like XRP and stablecoins (ZAR, USD, EUR, GBP).
Momentum Trading
Algorithmic strategies that exploit short-term market trends, maximising returns while minimising directional market risk.
Risk Profile & Fees
The Nova Strategy is a high-risk investment offering managed and limited exposure to cryptocurrencies and stable coins via a proven algorithmic momentum and arbitrage trading platform.
20%
Maximum market exposure to crypto assets, limiting volatility from price fluctuations.
Who Should Invest?
Asset managers seeking a risk-managed mechanism to reduce negative carry and optimise yield on underdeployed capital, and high-net-worth investors seeking limited, professionally managed crypto exposure.
FEES
0.50%
Subscription
2.00%
Annual Mgmt
20.00%
Performance
5.00%
Hurdle Rate
0.50%
Redemption
Investment Manager

Graeme Tennant
Founder & CEO, Nottingham Road Asset Management
Chartered Alternative Investment Analyst (CAIA)
Nottingham Road Asset Management is an asset manager focused on providing crypto asset investment offerings to South African investors through regulated distribution channels —a licensed CAT I & CAT II FSP for various categories including crypto assets

Investment Committee
LP Voting Rights: None
Graeme Tennant
Portfolio Manager
Sonya Kuhnel
Crypto Asset & Trading Expert
Orce Pesev
Compliance Advisor
Distributions & Waterfall
Pro-rata based on LP and GP capital accounts after fees and expenses.
Redemptions & Exit
•Lock-Up: 3 months
•Quarterly dealing for subscriptions/redemptions
Tax & Regulatory
•Crypto classified as a financial product under FAIS Act; investment not subject to CISCA
•Not marketed to the general public
•GP/Manager does not provide tax advice —LPs responsible for own obligations
•LP liability limited to invested amount
Investment Dissolutionl
Dissolved at GP discretion.
Remaining assets distributed pro-rata to LPs/GP after paying outstanding fees and liabilities.
Investment Conditions
•Subject to legal, financial & regulatory due diligence
•GP acceptance, administrator KYC & service provider confirmation required
Portfolio Allocation
Capital is deployed across a diversified mix of fiat currencies and selected crypto assets, with trading activity spread across multiple regulated venues to optimise execution quality and liquidity.


PORTFOLIO ASSET MIX
Capital is deployed across fiat and selected crypto assets, with positioning adjusted within mandate limits to optimise for selected trading strategies.
TRADE VENUE ALLOCATION
Trading activity is distributed across multiple venues to optimise execution quality and liquidity, with venue usage driven by market depth and pricing efficiency rather than static targets.
TRADE VENUE BREAKDOWN
20%
Xago
20%
Kraken
20%
Luno
20%
Valr
20%
Bybit
ASSET CLASS SUMMARY
CRYPTO EXPOSURE
XRP allocation, within the 20% maximum mandate limit
FIAT CURRENCIES
Diversified across 7 major currencies for liquidity and risk management
TRADING VENUES
Regulated exchanges, each capped at 20% allocation
Return Profile & Performance

READING THE CHART
Portfolio Performance
The full strategy return, including the XRP component of the portfolio.
Portfolio Performance net XRP
Strategy return with the XRP allocation excluded.
140%
Cumulative return, 18 months
117%
12-month return
29%
6-month return
The performance track record illustrates the strategy’s ability to compound capital over time, growing from an initial USD 100,000 to approximately USD 240,000 through disciplined execution across repeated trading opportunities in crypto asset markets.
Over the first 6 and 12 months, the strategy delivered cumulative returns of approximately 29% and 117% respectively, with an overall 140% delivered over the full 18-month term.
These returns have been driven by systematic deployment of capital, with profits continuously reinvested to support steady cumulative growth rather than reliance on a single market cycle.
The “Portfolio Performance net XRP” series demonstrates that the strategy has also produced positive performance beyond a single asset, supporting diversification across multiple crypto asset return sources.
Launch: 2026 • Class Launch: N/A • Reg. 28: Non-compliant • Time Period: 5 years
Tax
Tax will be levied within the investment according to the relevant tax legislation. For tax implications, please consult with a qualified tax advisor.
Disclosure and Disclaimer
Past performance is not necessarily a guide to future performance. Performance is calculated for the portfolio, and individual investor performance may differ as a result of initial fees, actual investment date, date of reinvestment and dividend withholding tax.
Performance
Past performance is not necessarily a guide to future performance.
Performance is calculated for the portfolio, and individual investor performance may differ as a result of initial fees, actual investment date, date of reinvestment and dividend withholding tax.
Investment Risk
The value of investments is subject to various risks, including but not limited to market risk, volatility risk, liquidity risk, trading system risk, and risks associated with crypto assets. A comprehensive description of these risks is set out in the relevant subscription documentation. Investors should be aware that, as a result of these risks, partial or total loss of invested capital may occur.
Guarantee
The Nova Strategy does not provide any guarantee with respect to either the capital or the return of the portfolio.
Other Risks
The investment may from time to time invest in foreign countries and may therefore have risks regarding liquidity, the repatriation of funds, political and macroeconomic situations, foreign exchange, tax, settlement and the availability of information.
DEFINITIONS / GLOSSARY
AUM
Assets Under Management
non-CIS
Non-Collective Investment Scheme
GP / LP
General Partner / Limited Partner
Hurdle Rate
Minimum annual return (5%) before performance fee
CISCA
Collective Investment Schemes Control Act
FAIS Act
Financial Advisory & Intermediary Services Act
Dealing
Subscription/redemption, quarterly
Pro-Rata
Proportionally to capital account