About 70 hedge funds that serviced institutional investors such as pension funds and family offices were closed this year.
Hedge funds closure
According to Bloomberg, North America led the number of hedge closures in this year – 28, followed by Europe – 23, the Asia-Pacific region – 14 and others – 3.
The number of new funds launched this year is less than half the number of launches in 2018, according to a study by Crypto Fund Research in the United States. The largest number of funds was launched in 2017 and 2018 – 291 and 284, over the past 11 months this number was 128.
The latest cryptocurrency news has shown that the strong volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details of the cryptocurrency on the market, especially Bitcoin, instills mistrust among investors and keeps them from investing in the development of cryptotechnologies.
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- Currently, there are 804 cryptocurrency funds, of which 355 are hedge funds and 425 are venture funds, according to a study by Crypto Fund Research.