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Laxman Pai, Opalesque Asia: The total AuM of crypto hedge funds globally increased to nearly US$3.8 billion in 2020 from US$2 billion the previous year, said a study.
According to a new report by the Alternative Investment Management Association, and Elwood Asset Management, the percentage of crypto hedge funds with AuM over US$20 million increased in 2020 from 35% to 46%.
The average AuM for this year's surveyed funds increased from US$12.8 million to US$42.8 million, while the median AuM increased from US$3.8 million to US$15.0 million. The median AuM at fund launch is US$1 million, indicating that funds have generally seen an impressive 15X increase in AuM.
The report found that the median crypto hedge fund returned +128% in 2020 (vs +30% in 2019).
The median best performance strategy in 2020 was discretionary long-only (+294%) followed by discretionary long-short (+129%), multi-strategy (+114%), and quant (+72%).
Median management and performance fees remained unchanged at 2% and 20% respectively, average management fee was also stable, at 2.3%, but average performance fees increased from 21.1% to 22.5%.
According to the report, 49% of crypto hedge funds have either a hard or soft-lock and 31% have either an investor level or fund level gate.
The vast majority of investors in crypto hedge funds are either high-net-worth individuals (54%) or family offices (30%), said the report.
The median ticket size is US$0.4 million, while the average tick...................... To view our full article Click here
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