Saturday, 30 May 2015
Last updated 15 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…