Eurekahedge: AI funds flat, crypto funds down 13.3% in June 2021

Fund managers using AI/machine learning strategies were down slightly by 0.84% in June, and -0.06% year-to-date.

Fund managers focusing on cryptocurrencies were down 13.33% in June, trailing behind bitcoin which gained 0.55% over the same period. In terms of 2021 return, cryptocurrency hedge funds have gained 77.05%, outperforming bitcoin which returned 24.95% over the first six months of the year.

Overall, hedge funds recorded their best H1 performance since 2009 and extended the streak of consecutive positive returns to nine months.

Source: Eurekahedge

*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 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.

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