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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. ....
Crypto Hedge Funds Show Growing Appetite for DeFi: PwC yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Though billionaire investor Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has previously expressed concern about the. ....
Global crypto hedge fund AUM reaches $3.8bn in 2020 up from $2bn in 2019 opalesque.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from opalesque.com Daily Mail and Mail on Sunday newspapers.