Bitcoin Hedge Fund Returns Nearly 5,000%

Nov 25 2013 | 1:00pm ET

A hedge fund that invests exclusively in controversial crypto-currency bitcoin is not only this year's best-performing hedge fund—it may be the best-performing hedge fund ever.

The US$35 million fun, launched last year, is up an astonishing 4,847%, according to HedgeWeek. Bitcoins themselves have surged some 6,000% in value against the dollar this year.

Each share of Exante's Bitcoin Fund is equivalent to a single bitcoin.

The fund is designed to give institutional investors access to bitcoin without directly investing in the virtual currency.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).