The annual PwC–Elwood Crypto Hedge Fund Report is out

The annual PwC–Elwood Crypto Hedge Fund Report is a must read and contains very insightful data on the institutionalisation of the industry.


Some key takeaways:


- The median crypto hedge fund returned +30% in 2019 (vs -46% in 2018)


- The percentage of crypto hedge funds with an AuM of over US$20 million increased in 2019 from 19% to 35%.


- The vast majority of investors in crypto hedge funds are either family offices (48%) or high-net worth individuals (42%).


- The most common crypto hedge fund strategy is quantitative (48% of funds), followed by discretionary long only (19%), discretionary long/short (17%), and multi-strategy (17%).


- Most crypto hedge funds trade Bitcoin (97%) followed by Ethereum (67%), XRP (38%), Litecoin (38%), Bitcoin Cash (31%) and EOS (25%).


- Crypto hedge funds are also involved in cryptocurrency staking (42%), lending (38%) and borrowing (27%).


- The percentage of crypto hedge funds using an independent custodian increased in 2019 from 52% to 81%.


- The percentage with at least one independent director on their board increased from 25% to 43% in 2019.


- 86% were using an independent fund administrator in 2019.


The full report is available here



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