Hedge Fund Specialist: Crypto Funds lost 29.2% in March

Barclay Hedge released its latest index, the Cryptocurrency Traders Index, revealing that players in the field failed 29.2% in March 2018
20 April 2018   672

And year to the current date, it is being declined 43.1% after three subsequent monthly losses. The researchers suppose that the new tool is an equal-weighted index of the monthly proceeds of a representative universe of 19 component funds that trade bitcoin and other cryptocurrencies, beginning Jan 1st 2018.

Estimated perfomance calculated with reported data from crypto funds for January-March of 2018
Estimated perfomance calculated with reported data from crypto funds for January-March of 2018 

Barclay Hedge, established in 1985 and previously known as The Barclay Group,  works for institutional investors around the world in the sphere of hedge fund and managed futures performance measurement and portfolio management. It supports  148 hedge fund indices for financial institutions in North America and Europe in its role as an independent index calculation agent.

The ability to trade Bitcoin futures on exchanges such as CME and Cboe, which are respected worldwide, provides a much-needed level of transparency, investor safety, and credibility to the price–discovery process and creates a level of institutional legitimacy that is crucial for growth in this sector. Within days of the launch of Bitcoin futures, Bitcoin rose to its all-time high of just under $20,000 on December 18 last year. Today’s prices are just over $8,000. Folks have their opinions, but no one really knows if it’s a bubble or a corre. 
Sol Waksman, president, founder, Barclay Hedge

The massive 2017 price revival saw an outbreak in the number of crypto hedge funds, with a whopping 167 planned to have launched during the year. Nevertheless, many are trying to survive the present market with at least nine crypto hedge funds having stopped operations.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   195

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.