Bloomberg: Cryptocurrency hedge funds generally achieve double-digit returns in 2024, with quantitative strategy funds performing the best
ChainCatcher news, according to Bloomberg, Galaxy's VisionTrack data shows that crypto hedge funds are generally achieving double-digit returns in 2024, with the 130 funds tracked by the VisionTrack Composite Index rising a total of 40%.Among them, Galaxy Digital's Alpha Liquid Fund increased by 76.6%, ProChain Master Fund grew by about 70%, and Tephra Digital Asset Fund LP achieved an annual return rate of 100%.In terms of categories, quantitative strategy funds performed the best, with the VisionTrack Quant Directional Index rising by 53.7%, and the fundamental strategy fund VisionTrack Fundamental Index increasing by 40.4%. Galaxy Research pointed out that most of the funds' gains came from the fourth quarter, driven by favorable factors such as Trump's support for cryptocurrencies and the approval of Bitcoin ETFs, but the overall performance still could not outperform Bitcoin's 120% increase.