Two weeks after GameStop (NYSE: GME) set the hedge fund sector and the entire finance world on edge with a meteoric spike and equally rapid return to earth in January, all eyes will be on the cryptocurrency sector as Wall Street returns from the President’s Day holiday on Tuesday. Like GameStop did last month, Dogecoin’s …
Tag Archives: bitcoin
Dalio Endorses Crypto as Alternative to Gold
Founder of the world’s largest hedge fund, Ray Dalio, a skeptic of bitcoin, has changed his mind and now says cryptocurrency should be a part of a well-balanced investment portfolio. The founder of Bridgewater Associates says that bitcoin “could serve as a diversifier to gold and other such store holds of wealth assets.” Dalio has …
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Cryptocurrency Funds Coming Back to Life
In case you were wondering where all the noise over cryptocurrency retreated to, you need wonder no more. After garnering much excitement at the end of 2017, when the year long gain notched a mouth-watering 1700 percent growth, (yes that’s 17 with two zeroes), the first quarter of 2018 was a bit bumpier. Eurekahedge observed …
Is Bitcoin in a Bubble? Experts Say Yes
As the value of one bitcoin explodes past $11,000, some in the hedge fund community are bad-mouthing the rise of the mysterious cryptocurrency. Ken Griffin, founder and CEO of the Citadel hedge fund, compares the recent blast-off of bitcoin to the infamous tulip bulb bubble in 17th century Holland, also known as “tulipmania.” Griffin believes …
Bitcoin Boom Boosts Bill Miller’s Fund into the Stratosphere
Superstar fund manager Bill Miller loaded his MVP 1 fund with bitcoin this year, and has seen mind-bending growth of 72.5% so far this year. Miller is known for beating the S&P 500 for 15 years straight when he worked for Legg Mason, until the 2005 recession cramped his style. In August 2016, after 35 …
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Cryptocurrency Hedge Funds Growing Exponentially
According to a tweet by economist Tuur Demeester, “Hedge funds with crypto exposure exploding.” The article Demeester refers to says that there are more than 70 funds with such bets now coming up in the hedge fund pipeline. The article also has a statement by Arthur Bell manager Corey McLaughlin: “I’ve been in the hedge …
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Crowd-Sourced Hedge Fund Gaining Interest and Profits
Richard Craib had a new idea: Perhaps high-tech’s “masters of the universe” can outperform the old-fashioned, finance guys who predominate on Wall Street? To test his theory Craib, a former hedge fund manager, started Numerai last year. It is a crowdsourced hedge fund which hopes to bring over the best thinkers from places like Google, …
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