Fund managers using AI/machine learning strategies ended June up 5.65%, recovering from the 3.79% loss they suffered in May. On a year-to-date basis the Eurekahedge AI Hedge Fund Index was up 5.34%. The Eurekahedge AI Hedge Fund Index is an equally weighted index of over a dozen constituent funds. The index is designed to provide a broad measure of the performance of underlying hedge fund managers who use artificial intelligence and machine learning theory in their trading processes.
The Eurekahedge Crypto-Currency Hedge Fund Index gained 13.85% in June, recording its fifth consecutive positive month of the year. Crypto hedge fund managers benefited from the rally in crypto assets which saw bitcoin breaching the $12,000 level for the first time since the Q1 2018 crash. The index is up 100.59% as of June 2019 year-to-date, which compares with an H1 gain of 211.06% for bitcoin.
The Eurekahedge Crypto-Currency Hedge Fund Index is an equally weighted index of over a dozen constituent funds. The index is designed to provide a broad measure of the performance of underlying hedge fund managers that allocate to bitcoin and other cryptocurrencies. The index is base weighted at 100 at Jun 2013, does not contain duplicate funds and is denominated in USD.
