Hedge funds employing crypto strategies gained 46% in November and 76% so far this year.
2024-12-20 05:28:49
According to the Financial Times, a group of crypto-focused hedge funds have made a killing in recent weeks as Trump's victory in the presidential election has propelled bitcoin through a strong rally and above the $100,000 mark. Funds employing crypto strategies posted a 46% gain in November, bringing their year-to-date return to 76%, according to Hedge Fund Research. HFR said hedge funds have outperformed the industry, with the average hedge fund returning 10% in the first 11 months of the year. (Golden Ten)
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