Monday, 29 August 2016
Last updated 2 days 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.