HFR Launches Cryptocurrency Index as Fund Managers Eye Red-Hot Sector – WSJ

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The index will consist of 20 funds investing in the likes of bitcoin, ethereum, ripple and gnosis By Laurence Fletcher Dec. 13, 2017 9:47 a.m. ET Chicago-based data group HFR is launching an index of hedge funds that invest in cryptocurrencies, in a sign of how managers are increasingly eyeing these assets as a way of boosting flagging returns. HFR, which is best known for tracking the performance and size of the hedge fund industry, said the new index will initially consist of around 20 funds investing solely or predominantly in cryptocurrencies such as bitcoin, ethereum, ripple and gnosis.

Source: HFR Launches Cryptocurrency Index as Fund Managers Eye Red-Hot Sector – WSJ

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