Cryptocurrencies Boost Hedge Fund Returns But Managers Still Avoid Them

bitcoinmagazine.com

The start of the year, however, was not gloomy for all hedge fund managers. The funds that did outperform were those focusing on technology and currencies. FX funds that had the foresight to gain exposure to digital currencies such as bitcoin managed to outperform their peers as well as the S&P 500 Index. The HFRI Macro: Currency Index, for example, gained 8.2 percent year-to-date. This should not come as a surprise given the impressive rallies of digital currencies such as bitcoin and ether, which both reached numerous new all-time highs in the spring months of 2017 and generated a 190 percent and 4,900 percent return respectively since the start of the year.

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