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In the week ending 16 June, 2017, in FinTech, hedge funds are quietly investing in bitcoin which gained over 180% last year. Most hedge fund managers have not invested in bitcoin, but those who did were some of the best performers, beating the market.

Jeffrey Tarrant is betting that a new generation of hedge fund managers proficient in machine learning processes will outperform and grow faster; Max Keiser has said $5000 per Bitcoin is "within sight" due to hedge fund activity; and Quantopian's more than 130,000 network of analysts are reportedly defining the future of investment. Hedge funds clients have reportedly petitioned Goldman Sachs' chief technician to begin covering bitcoin; Coinsilium Group has signed a Memorandum of Understanding (MoU) with HyperChain Capital; and quantum computing might be here sooner than people anticipated.

Enigma Project has launched a new platform 'Catalyst' that empowers anyone to build their own decentralized cryptocurrency hedge fund; GIC Pte has committed up to $100m to a hedge fund started by one of its former employees, David Mercurio; Ola has raised about $50m from New York-based hedge fund Tekne Capital Management; Tages Capital has launched the Tages PSAM Credit Fund with P. Schoenfeld Asset Management; Blenheim Capital Management has announced the spinoff of its Amsterdam unit; Carden Capital has launched a direct lending fund for the cannibus industry; Izzy Englander's $35 billion fund is suffering from the exit of some key people; O'Brien Investment Group has launched the OBIG Discretionary Global Macro Fund; and Putnam Investments announced the launch of three new mutual funds based on alternative strategies.

Investors in Viking Global Investors will receive an $8bn refund as the hedge fund will shut down following the depa......................

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