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In the week ending 06 July, 2018, reports said that the European hedge fund industry had a more successful 2017 than North America in terms of asset flows. Emboldened by the positive year in terms of capital flows, almost 40% of Europe-based hedge fund managers surveyed by Preqin in November 2017 planned to launch a new fund in 2018 versus just 23% in North America. As of March 2018 Europe-based hedge fund managers hold EUR587bn in assets under management.

FinTech, crypto is the fastest growing segment of the hedge fund industry with $637.7m already invested so far this year. Investors have continued to pour money into cryptocurrency startups this year, with initial coin offerings raising $11.8 billion so far. However, the top cryptocurrency hedge funds reported a 58 percent drop in profits this year and the theft of cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017.

Ran Neu-Ner said he is bearing on Bitcoin but bullish on NEO and Cardano; a built-from-scratch blockchain aiming to enable private contracts between users has officially entered testing; Coinbase launched the Custody service, which allows the exchange to accept deposits and reported it immediately added 10 hedge funds. Multicoin Capital remains bullish on Ethereum and EOS and said X......................

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