Eurekahedge: AI hedge funds down, crypto funds rally in May

Fund managers utilizing AI/machine learning strategies ended May down 2.21%, registering their first monthly loss in 2019. On a year-to-date basis the index was still up 1.35%. 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 rallied 29.02% in May, boosted by the rally in crypto assets which saw bitcoin breaching the $8,000 level for the first time since July last year. The index was up 62.86% as of May 2019 year-to-date. 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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