Goldman Sachs Alum’s Crypto Fund Expands Even as Markets Tumble
September 17, 2018 – Bloomberg
The firm’s expansion signals this year’s market collapse hasn’t been enough to wipe out the bevy of cryptocurrency hedge funds that have popped up since the 2017 boom. The funds are down 52 percent this year, compared with Bitcoin’s 54 percent slump, according to the Eurekahedge Crypto-Currency Hedge Fund Index. Still, 96 hedge funds and venture funds have opened in 2018, compared with 156 in all of last year, according to Crypto Fund Research….