Tag Archives: Hedge Funds

Hedge funds posted their best month since the financial crisis in April amid the torrid market rebound | Currency News | Financial and Business News

May 23, 2020 Bitcoin Cash, Crypto 0

Wall Street coronavirus

Spencer Platt/Getty Images Hedge funds posted their best month in more than a decade as March’s lows gave way to a resounding rally through April. Eurekahedge’s Hedge Fund Index gained 3.7% last month, its biggest jump since May 2009. A combination of Federal Reserve action, risk-on attitude, and optimism toward …

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A crypto investor lost nearly $250,000 after his chosen fund collapsed during the coronavirus sell-off | Currency News | Financial and Business News

May 23, 2020 Crypto, Ehtereum 0

FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration taken January 27, 2020. REUTERS/Dado Ruvic

Reuters An investor in cryptocurrency hedge funds saw nearly 99% of a $250,000 investment wiped out after his chosen fund collapsed during the market meltdown. “I don’t really know what happened,” Vlad Matveev told the Financial Times. Matveev detailed Cryptolab Capital’s explanation in a Medium blog post: the fund took …

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