Eurekahedge: AI/ML funds flat, crypto funds outperforming bitcoin

Fund managers using AI/machine learning strategies gained 2.59% in March, bringing their year-to-date returns to 3.93%. Quant strategies continued to fall out of investors’ favor, with the CTA/managed futures mandate seeing investor outflows totaling $7.5 billion as of March 2019 year-to-date, and $29.0 billion throughout 2018.

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 gained 13.56% in March, bringing their year-to-date return up to 13.78%. Crypto hedge fund managers have successfully outperformed bitcoin, which was up 8.17% in March and 5.58% throughout the first quarter of 2019.

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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