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Crypto gains favour with hedge funds new and old


Crypto gains favour with hedge funds new and old
Crypto hedge funds’ assets under management (AuM) almost doubled during 2020 and are set to increase further this year with a number of firms predicting that the price of bitcoin will break the $100,000 (€81,710) mark before the end of the year.
Through the course of 2020, crypto hedge funds’ AuM increased from from $2 billion to $3.8 billion, according to the Global Crypto Hedge Fund Report 2021 jointly published by PwC, Elwood Asset Management and the Alternative Investment Management Association.
The study also found that traditional hedge funds became more interested in cryptocurrencies during 2020.
Almost a fifth (21%) of the surveyed non-crypto hedge funds are invested in the asset class with the average allocation recorded as 3% of portfolios. Furthermore, 86% of those firms plan to increase their allocation before the end of the year. ....

James Strickland , Jack Inglis , Global Crypto Hedge Fund , Investment Management Association , Global Crypto Hedge Fund Report , Selwood Asset Management , Alternative Investment Management , ஜேம்ஸ் ஸ்ட்ரிக்லேண்ட் , பலா இஂக்லிஸ் , முதலீடு மேலாண்மை சங்கம் , எல்வுட் சொத்து மேலாண்மை , மாற்று முதலீடு மேலாண்மை ,