Cryptocurrency Hedge Funds Rebound By Over 45% in April

[mskumar]

The bullish market performance experienced across the cryptocurrency markets last month also manifested significant gains for many cryptocurrency hedge funds, with multiple cryptocurrency hedge fund indexes estimating a more than 45% increase in the value of leading funds.
Cryptocurrency Recovery Rally Drives Impressive Performance Among Crypto Funds
With most cryptocurrencies producing significant gains during April, cryptocurrency hedge funds also generated bullish performance last month.

The Eurekahedge Crypto-Currency Hedge Fund Index estimates the gains made by crypto funds to have been 45.43% during April. According to Eurekahedge’s historical data, April 2018 was the sixth strongest performing month ever for virtual currency funds, and the fourth highest performing month of the last four years. The preceding months to outperform April were December 2017 (+79.51%), August 2017 (+58.42%), May 2017 (81.09%), November 2013 (+405.30%), and October 2013 (+47.64)%.

Despite April’s impressive performance, Eurekahedge estimates 2018’s year to date (YTD) performance to be -21.87% so far. Eurekahedge states that its data for April 2018 is “Based on 71.43% of funds which have reported April 2018 returns as at 15 May 2018.“
SOURCE:https://news.bitcoin.com/cryptocurrency-hedge-funds-rebound-over-45-april/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications