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PwC Report:Crypto Hedge Funds Managed Nearly $3.8 Billion in 2020
Summary: Crypto hedge funds managed nearly $3.8 billion in 2020, up from $2 billion in 2019, and are showing a taste for decentralized finance (DeFi), according to a new report from PwC and the Alternative Investment Management Association (AIMA). The third annual Global Crypto Hedge Fund Report, co-authored by Elwood Asset Management, shows that 31% of ...
Crypto hedge funds managed nearly $3.8 billion in 2020, up from $2 billion in 2019, and are showing a taste for decentralized finance (DeFi), according to a new report from PwC and the Alternative Investment Management Association (AIMA).
The third annual Global Crypto Hedge Fund Report, co-authored by Elwood Asset Management, shows that 31% of crypto hedge funds use decentralized exchanges (DEXs), with Uniswap being the most widely used (16%), followed by 1inch (8%) and SushiSwap (4%).
Crypto hedge funds on average returned 128% in 2020 (versus 30% in 2019). Meanwhile, 47% of traditional hedge fund managers surveyed, representing $180 billion of AUM, are already invested or looking at investing in crypto, according to the report.
By Amy Liu
Tags: Crypto,Hedge Funds,PwC
Link: PwC Report:Crypto Hedge Funds Managed Nearly $3.8 Billion in 2020 [Copy]
