Number of Cryptocurrency Hedge Funds Rises to 226 Globally277.19

The number of global cryptocurrency hedge funds has reached a record high of 226, according to research firm Autonomous Next. The hedge funds tracked by leading hedge fund database provider Eurekahedge show a return of 1,477.85 percent in 2017 on average. The number of crypto hedge funds more than doubled in the four months to Feb. 15The research firm recorded a record high of 226 global hedge funds with such a strategy, up from 110 global hedge funds as of Oct. 18. The founder of high growth blockchain fintech firm Bitspread, Cedric Jeanson, commented that "Some of the hedge funds charge high fees - an average of 1.6 percent for management and 17.5 percent for performance for funds tracked by Eurekahedge - even though they are using largely passive strategies," the publication added.
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