Number of Cryptocurrency Hedge Funds Rises to 226 Globally

[Cordillerabit]

The number of global cryptocurrency hedge funds has reached a record high of 226, according to research firm Autonomous Next. The hedge funds tracked by leading hedge fund database provider Eurekahedge show a return of 1,477.85 percent in 2017 on average.

According to Autonomous Next, the London-based fintech practice of Autonomous Research, the number of hedge funds focused on trading cryptocurrencies more than doubled in the past four months. Reuters reported:

The number of crypto hedge funds more than doubled in the four months to Feb. 15…The research firm recorded a record high of 226 global hedge funds with such a strategy, up from 110 global hedge funds as of Oct. 18.

Autonomous Next partner Lex Sokolin commented:

While the softer prices of crypto assets do create a more difficult environment for investors, I do not think it will pause the influx of funds and other financial institutions building products in the space…It would take the extreme case of the entire space contracting by 80 percent and high regulation before the flow of funds turns around.

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[Analyst]

It would be interesting to see whether they are much more profitable than others. The traditional hedge funds actually do not earn as much as simple index funds or other types of funds usually because of high fees.

[altcoingamer]

It would be interesting to see whether they are much more profitable than others. The traditional hedge funds actually do not earn as much as simple index funds or other types of funds usually because of high fees.

Also curious how this would go..  I've actually had two people I know involved in Forex ask me about hedge funds with crypto.. so its fair to say they probably will have alot of demand especially when the fud in the market clears for ATHs.

[pkandra]

Even with the great performance of the stock market over the past year, I think the recent outflow of money from stocks is flowing into cryptos.  I'd love to find a solid hedge fund investing in ICO's.