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In the week ending 09 March, 2018, in FinTech, Autonomous NEXT estimates that 226 hedge funds are operating in the cryptocurrency space as of February 2018 with around $3.5 to 5bn in assets. Telegram coin is on track to pull in a billion dollars in just four months and Coinbase is eyeing the launch of a bitcoin ETF with new cryptocurrency index fund. Tiger Global took a big stake on Wealthfront while Messari has secured early-stage seed funding to launch its first product, Prognosticators see a world in which computers completely replace human investors (we'll see...).

Ed Rogers said that there are many new managers launching in Asia with a number of factors driving this growth; TOBAM has entered into a strategic partnership to develop a unique Anti-Benchmark China A-shares equity investment strategy; Uber co-founder Travis Kalanick has announced the launch of a new investment fund; and Breakwave Advisors is launching the first exchange-traded fund (ETF) focusing on freight futures.

The HFRX Equal Weighted Index dropped -2.42% in February (-0.04% YTD); The HFRI Fund Weighted Composite Index fell 1.8% as global equities declined; And he Lyxor Hedge Fund Index was up 1% in the last week of February (+0.7% YTD).

The PruLev Global Macro Fund lost 16% in February as it gave up almost a third of its last year's 52% performance. Hedge fund managers fared better than major stock indexes despite s......................

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