AI and crypto hedge funds continue downward slide

The bloodbath in October left AI/machine learning hedge funds at a loss, as the Eurekahedge AI Hedge Fund Index slumped 3% over the month – its worst monthly performance ever recorded since inception. In contrast to the 9% gains made in 2017, AI fund managers have lost 6.54% as of October 2018 year-to-date as they floundered through the year.

The Eurekahedge Crypto-Currency Hedge Fund Index which tracks hedge funds investing in crypto assets was down 4.17% in October, narrowly outperforming the Bitcoin price, which declined 4.32% over the month. On a year-to-date basis, the index was down 56.90%.

Source: Eurekahedge

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