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.

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