According to the new index launched by Hedge Fund Research, investors have a huge interest in cryptocurrency hedge funds. There was “explosive growth” in crypto hedge fund interest by investors over the course of the last year.
Cryptocurrency and blockchain technology have become incredibly popular amongst individual and institutional investors across the globe. Many have been leaning more towards investing in hedge funds relating to the cryptocurrency industry instead of the individual cryptocurrencies.
Cryptocurrencies were the best-performing currency in 2015 and by far the best performing asset class of 2017. Business Insider, Forbes & CNBC covered some of the outlandish returns in some of the top cryptocurrency hedge funds last year.
There are Crypto Hedge Funds that did over 24,000% and 80,000% respectively in 2017. No, That’s not a typo.
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It’s important that you recognize that these investments are not for the faint of heart, as they can be much more volatile than stocks, but it’s growing and yes, they present a very real investment opportunity.
Below Are Some Hedge Funds to Keep An Eye On.. These are some of the best public and private hedge funds with seasoned advisors and experience in asset management.
Top Hedge Funds To Watch in 2018
Grayscale needs no introduction, as its legacy was cemented quite some time ago. This company currently runs three investment trusts focusing on Bitcoin, Ethereum Classic, and ZCash, respectively. It will be interesting to see whether Grayscale decides to add additional cryptocurrencies to its portfolio, as there are a lot of promising candidates out there right now. At the time of writing, the company controlled over US$1.12 billion in funding.
Founded in 2016, this US-based hedge fund with about $102.2 million in investments (according to CrunchBase data), manages a portfolio of blockchain assets including different cryptocurrencies, assets, and digital tokens. Being a private fund, there is little information available on the fund.
Pantera Capital, founded by Tiger Management alum Dan Morehead, launched the first U.S. digital asset fund in 2013, the Pantera Bitcoin Fund. A few weeks ago, it announced what the firm believes is the first initial coin offering fund. Closing July 31, the fund will purchase tokens via pre-sales through SAFTs (simple agreement for future tokens) and during token sales; it launches with $100 million.
The Logos Fund, is the world’s first “bitcoin mining fund.” The German Investment Fund specializes in cryptocurrency mining. It is a private fund that offers a blend of bitcoin mining and buy-and-hold investing. The fund is dedicated to investing in a range of Bitcoin-related businesses.
The fund was created by Marco Streng, founder of hosted cloud mining company Genesis Mining, and has around $100 million in estimated funding. Genesis Mining is an initial partner to the fund.
BlockWealth Capital manages a portfolio of blockchain assets including different cryptocurrencies, assets, and digital tokens providing access to unique projects with active development teams, strong leadership, sound fundamentals and real world application (adoption).
Investments are believed to include foundation protocol tokens like Bitcoin, Ethereum, Litecoin and Bitcoin Cash as well as tokens with utility functions like Ripple, Cardano, Stellar Lumens, NEO, OmiseGo, Substratum and Simple Token among others. The Founder of BlockWealth Capital, Matt Siebenthal plans a soft launch in March 2018 with some personal money. Other investors include high-net-worth individuals and family offices.
Although the name of this cryptocurrency-related hedge fund may not ring a bell for most people, it is quickly making a name for itself. The company started out with an estimated US$100 million in funding and is typically labeled a USA-based hedge fund. Its algorithmic trading of cryptocurrencies has attracted a fair bit of attention since the fund’s launch in April of this year. It’s definitely an entity worth keeping an eye on.
After a soft launch in March with some personal money, Brian Kelly, a money manager, CNBC Fast Money commentator and author of The Bitcoin Big Bang, officially opened his crypto-asset hedge fund on July 1 with the goal of reaching $50 million in AUM.
The BKCM Digital Asset Fund will employ a three-pronged strategy: buy-and-hold for about 50% of the tokens, ICOs for 20% and actively managed for the remaining. Investments consist of foundational protocol tokens such as Bitcoin and Ethereum, currencies such as Litecoin, XRP, Zcash and Stellar, plus tokens such as Golem Network Tokens (GNT), Augur’s REP and Siacoin.
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