AI hedge funds up 1.4% in December, Crypto funds down 6% – Eurekahedge

Fund managers using AI/machine learning strategies were up 1.52% in November and 1.43% in December, a performance which led the pack of tracked sub-strategies. This ended their streak of losses which resulted in the first negative annual return recorded by the Eurekahedge AI Hedge Fund Index. The index was down 3.68% over 2018.

The Eurekahedge Crypto-Currency Hedge Fund Index was down 6.04% in December, as the bitcoin price nearly touched the $3,000 level in the middle of the month. The index has wiped 70.27% of its value throughout 2018. In comparison, the index soared 1,708.50% in 2017, supported by the rally in crypto-currency prices during the year.

Related Posts

Previous Post
Finadium: Stock Exchanges, Security Tokens and Capital Formation
Next Post
FCA flags “significant” applications and harmful effects of advanced tech in wholesale markets

Fill out this field
Fill out this field
Please enter a valid email address.

X

Reset password

Create an account