Bitcoin Hedge Fund Returns Nearly 5,000%

Nov 25 2013 | 12:00pm 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.

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