Fund managers using AI/machine learning strategies gained 1.35% in July. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index is up 3.68%.
The Eurekahedge Crypto-Currency Hedge Fund Index was up 20.97% in July, supported by the strong performance of crypto currencies, with Bitcoin up 20.94% during the month. Fund managers focusing on crypto currencies are up 50.15% over the first seven months of 2020.
*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.