Fund managers using AI/machine learning strategies ended April up 1.30%, bringing their year-to-date returns to 4.24%. The Eurekahedge AI Hedge Fund Index was down 5.05% last year, underperforming the average hedge fund for the first time since 2012. 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 3.71% in April, bringing their year-to-date return up to 18.10%. Crypto hedge fund managers trailed behind bitcoin, which rallied 26.22% in April and 33.27% throughout the first four months of 2019. 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.
