Cryptocurrencies
Cryptocurrency Hedge-Fund Survey Hints at Big Quant Disparities
- Family offices, wealthy people comprised most of investors
- Gains in 2019 came when Bitcoin’s price increased 95%
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Cryptocurrency-focused hedge funds’ assets under management jumped in 2019, according to a new survey, but there were some big differences in performance during the year.
Total AUM of crypto funds rose to more than $2 billion at the end of last year from $1 billion at the end of 2018, and the average per fund jumped to $44 million from $21.9 million, according to a survey from PwC and Elwood Asset Management Services Ltd., an investment firm specializing in digital assets. Of course, that was in a year where the price of Bitcoin soared 95%.