ICYMI: Crypto funds outperformed traditional hedge funds and digital asset benchmarks
Crypto funds held up better, according to data from HFR.A big rally in stocks over the course of 2021 did not translate into outsized returns at some of the world's largest hedge funds. But their crypto counterparts were able to produce returns that beat both stock and digital asset indexes.
Even top hedge funds like Ken Griffin's Citadel performed on par with the broader market. Citadel delivered a 26% return for 2021, according toIt's a different story for crypto funds, according to data provided by Hedge Fund Research. The firm's crypto index suggests crypto hedge funds returned, on average, 214% in 2021. Aside from the 2017 boom cycle, that represents the best performance for crypto hedge funds since the firm started tracking this particular subset in 2015.
Still, cryptos like ether outperformed funds, with the native asset of the second-largest network by market capitalization clocking in a return of more than 400% in 2021. Dorman says most Wall Street institutions are focused entirely on bitcoin and ether, leaving opportunities among the mid-cap tokens available for crypto funds.
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