The Autonomous Next research firm specializing in the financial sector announced about the increasement of cryptocurrency hedge funds up to a record mark of 226.
For the last four months, from October 18 to February 15, the number of such funds doubled from 110 to 226. At the beginning of 2017 their number was only 37.
According to Autonomous Next, the cumulative cost of assets under control of cryptocurrency hedge funds is approximately from $3,5 billion to 5 billion.
“Despite of the fact that lower prices of cryptocurrency assets create some problems for investors, I don’t think that it will stop emergence of new funds and financial enterprises in this industry. Only decline of all market by 80% and tough regulation will be able to exert sufficient negative impact for change of a trend.”
— the partner of Autonomous Next Lex Sokolin emphasized.
Nine cryptocurrency funds under control of which there were assets for the total amount of $1 billion showed average income in 1 477,85% (according to analytical company Eurekahedge).
These hedge funds as the founder of the Bitspread financial technical-company Cedric Jeanson claims, charge the high fees from clients, up to 1,6% for management and 17,5% for productivity, despite the use of passive strategy in most cases.