IPFS News Link • Stock Market
Cryptocurrency Hedge Fund Returns 2,129% YTD
• zerohedge.com by Tyler DurdenWe'll preface this post by saying we have never heard of the Alternative Money Fund - which "Specializes in Returning Freedom and Value" - and very well may never hear of it again, however it is notable for two things: i) it is a "hedge fund" invested entirely in cryptocurrencies and ii) it has allegedly generated a 2,129% return YTD, making it the best performer in hedgeco's ranking of asset managers YTD.
The "fund's" own description is similar to what one would find in any traditional asset manager, with one exception of course: it does not invest in traditional securities at all, only cryptos:
30 or so names in the portfolio
discretionary, not systematic
technically driven bottom-up, primary.
fundamental research, secondary
performance not directly correlated to the price of bitcoin. Good addition for Bitcoin holders.




