According to a new survey from PwC and Elwood Asset Management Services Ltd., an investment firm specializing in digital assets, crypto-focused hedge funds’ assets under management (AUM) spike in 2019.
The total AUM of these cryptocurrency-focused hedge funds doubled last year, rising from $1 billion in 2018 to over $2 billion in 2019.
The average per fund also jumped from $21.9 million to $44 million, reported Bloomberg.
“The volatility of crypto markets offers many opportunities for quant traders,” said Henri Arslanian, PwC global crypto leader, and partner.
When it comes to investors of these hedge funds, Family offices lead with 48% share followed by high-net-worth individuals (HNWI) at 42%.

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