Crypto Hedge Funds Had a Great 2024, But Failed to Beat Bitcoin
(Bloomberg) — During a great year for cryptocurrencies, hedge funds focused on digital assets unsurprisingly did very well, too. It’s just that many didn’t do as well as the industry’s most famous token: Bitcoin.
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Last year, a number of crypto hedge funds logged double-digit returns, with the VisionTrack Composite Index, which tracks the performance of 130 crypto-dedicated hedge funds, jumping 40%, according to data provided by Galaxy’s VisionTrack.
But those gains are paltry when compared with the advanced notched by Bitcoin, which surged 120% to above $100,000 for the first time.
Many hedge funds bend over backwards to differentiate themselves via proprietary or innovative investment strategies…
