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In the week ending 22 September, 2017, in FinTech, Bridgewater Associates founder Ray Dalio said he is not a believer in cryptocurrencies and called bitcoin a bubble. Specifically, he said that currency holders can only use it for limited transactions, and that it's not an effective storehold of wealth because of its high volatility. However, the Bank for International Settlements said customers would gain a lot in decentralized cryptocurrencies and that there are clear privacy advantages of peer-to-peer transaction systems in central banks.

Switzerland's financial supervisor has closed down the unauthorised provider of the fake cryptocurrency E-coin, which managed to siphon $4.15m from several hundred users; Kumesh Aroomoogan said that selling data to feed hedge fund computers is one of the hottest areas of finance right now; Winton Group plans to offer the services of a data unit that helps power its computer-driven algorithms to outsiders; and family offices are chasing alternative data funds.

A survey of hedge fund investors finds that the proportion of institutions that feel their hedge fund portfolios have met or exceeded their performance ......................

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