London-based Nickel Digital Asset Management, one of Europe’s leading regulated multi-manager digital assets hedge funds, is reopening its systematic Diversified Alpha Fund to new and additional subscriptions from 31 December 2025, after a period of strong performance and expansion.
The fund, which uses a non-directional, multi-manager approach combining capacity-constrained digital asset strategies into a single portfolio, was soft closed in February 2025 following a 150% surge in assets under management over the prior year. Nickel’s Investment Committee has now approved reopening, confirming the fund can accommodate additional capital without impacting its long-term target returns.
Since the soft close, Nickel’s multi-manager platform has grown from 35 trading pods to 83, a 137% year-to-date increase. Each pod operates systematic crypto strategies under Nickel’s centralised risk framework, RiskZeus, enabling disciplined risk management while scaling capacity.
The platform demonstrated resilience during October’s flash crash, triggered by President Trump’s threat of 100% tariffs on Chinese imports. Amid a ten-fold spike in trading activity and over $2bn executed in a single day, the fund delivered a net return of +1.5% while bitcoin, ether, UNI, and AAVE suffered double- and triple-digit moves. BarclayHedge data shows the fund’s 12-month volatility has been around 6%.
Nickel continues to target consistent, non-correlated returns through its specialist pod managers, making the fund appealing to institutional investors seeking controlled exposure to digital assets.
