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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

15%

XRP allocation, within the 20% maximum mandate limit

FIAT CURRENCIES

85%

Diversified across 7 major currencies for liquidity and risk management

TRADING VENUES

5

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