Fund managers using AI/machine learning strategies ended the month of August up 1.46%. The Eurekahedge AI Hedge Fund Index was up 4.37% year-to-date. 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 3.00% in August, narrowly underperforming bitcoin which ended the month flat. Fund managers focusing on cryptocurrencies are up 57.86% over the first eight months of 2019, which compares to the 148.11% 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.
