According to Deep Tide TechFlow news, on January 7, it was officially announced that Canada’s alternative investment management firm Ninepoint Partners LP announced on January 6 that it has renamed the Ninepoint Web3 Innovators Fund to the Ninepoint Crypto and AI Leaders ETF. The investment objectives and strategies of the fund remain unchanged, and ETF shares will continue to trade on the Toronto Stock Exchange under the codes 'TKN' (CAD) and 'TKN.U' (USD).
Alex Tapscott, Managing Partner and Portfolio Manager at Ninepoint Partners LP, stated: “Since May 2023, the fund strategy has been deeply focused on the cryptocurrency and AI sectors. We believe the incoming U.S. government will further enhance investment opportunities in these areas. We are excited to continue managing the fund strategy under a new name.”
It is reported that Ninepoint Partners LP, headquartered in Toronto, is one of Canada’s leading alternative investment management firms, managing approximately $7 billion in assets and institutional contracts. The company offers a diversified range of alternative strategies covering equities, fixed income, alternative income, physical assets, foreign exchange, and digital assets.