Eurekahedge: AI funds slump 1.2%, crypto funds down 10.6% in September

Fund managers using AI/machine learning strategies posted their third consecutive month of losses, as they slumped 1.24% in September. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index is still up 1.06%. 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 down 10.64% in September, outperforming bitcoin which ended the month down 15.69%. Fund managers focusing on crypt-currencies are up 29.39% over the first three quarters of 2019, which compares to the 109.17% 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

Fund managers using AI/machine learning strategies posted their third consecutive month of losses, as they slumped 1.24% in September. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index is still up 1.06%. 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 down 10.64% in September, outperforming bitcoin which ended the month down 15.69%. Fund managers focusing on crypt-currencies are up 29.39% over the first three quarters of 2019, which compares to the 109.17% 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.

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