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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...