Eurekahedge: AI funds flat, crypto funds up 8.5% in October

Fund managers using AI/machine learning strategies registered 0.89% return in October. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index is up 4.16%. 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 was up 8.53% in October, trailing behind bitcoin which ended the month up 14.09%. Fund managers focusing on crypto-currencies are up 37.23% over the first 10 months of 2019, which compares to the 138.65% year-to-date gain posted by Bitcoin. 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.

Source: Eurekahedge

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