Fun

EY Survey Finds 1 in 4 Hedge Funds to Increase Crypto Exposure Next Year

News Feed - 2021-11-25 05:11:14

EY Survey Finds 1 in 4 Hedge Funds to Increase Crypto Exposure Next Year


EY, one of the big four consulting and auditing firms in the world, found that one in four hedge funds are expecting to increase their crypto exposure for the next year. The 2021 EY Global Alternative Fund Survey describes that alternative fund managers are slowly taking a stable place in the portfolios of investors, with digital assets being present, albeit in a small way. EY Survey Finds Hedge Funds Hungry of Crypto Exposure


The 2021 Global Alternative Fund Survey, a survey compiled by EY, one of the big four companies, shows the performance and popularity of alternative fund managers among investors during the year. The survey has found that hedge funds are one of the most open platforms to include crypto assets in their structures. According to the survey, one in four hedge funds is studying to increase their exposure to cryptocurrencies in the next year.


Due to the coronavirus pandemic, investors had to go through an interesting year with many challenges, and navigating through this gave a big opportunity to alternative fund managers. However, cryptocurrency is not popular with a lion’s share of these fund managers currently, with just one in ten reporting having exposure to these assets, showing there is room for growth. In any case, these funds had an impressive performance. 51 percent of the investors surveyed reported having increased value delivered by these alternative investments, having met or exceeded their expectations. Digital Assets as Alternative Investments


The rise of digital assets (cryptocurrencies) as an important asset class, has made companies and fund managers turn their gaze to these as relatively profitable products in today’s convoluted markets. While the real involvement of these with cryptocurrencies has not been as big as with other nonregulated assets, they are starting to carve a niche in the area.


This growth has been achieved in the face of an unstable current situation when it comes to traditional investments, with investors seeking to occupy new markets with new strategies. The survey made these findings based on conversations involving 210 managers and 54 investors and offers a glimpse on the future of alternative investments, and how cryptocurrency might be a big part of it.


About the importance of the decisions made in this crossroads year, Natalie Deak Jaros, EY Global Hedge Fund Co-leader stated:


This research highlights the resilience of our industry and the key transformations that managers and investors are partnering to affect. 2021 was a year in which the industry invested to build significant momentum around various initiatives that will pay dividends for years to come. Tags in this story Alternative Investment, Cryptocurrencies, Exposure, EY, Hedge Funds, investment


What do you think about the one in four hedge funds studying to increase their exposure to cryptocurrencies next year? Tell us in the comments section below. Play-to-Earn Gaming Guild Raises $18 Million in Funding Round Led by Animoca Brands NEWS | 12 hours ago Crypto Businessman Disappears as ‘First Greek Cryptocurrency’ Collapses NEWS | 18 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleAscendEX Lists Bemil Token BEM Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItAustria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment


As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase ... read more.Twitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps SEC Rejects Vaneck Bitcoin Spot Market ETF Over Price Manipulation Concerns Over 3 Million Customers Can Earn Bitcoin Points Dining at 500 Restaurants via Landry"s Rewards Program Ripple Launching Liquidity Hub Despite SEC Lawsuit Over XRP

News Feed

Open Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World
Open Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World The Open Metaverse Alliance, OMA3, was launched by a group of Web3 dedicated companies
NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements
NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements Non-fungible token (NFT) sales rose slightly last week, increasing 1
Custodia Bank takes case to higher court after March setback
Ana Paula Pereira4 hours agoCustodia Bank takes case to higher court after March setbackCustodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.454 Total views1 Total shar
Solana Holds Weekly Support At $180 – Analyst Expects $330 Mid-Term
Este artículo también está disponible en español. Solana (SOL) is navigating a turbulent period after facing a significant 33% correction from its all-time high at $264,
Ana Paula Pereira17 hours agoKansas Heartland Tri-State Bank closed by FDIC as banking crisis deepensHeartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking
Bitcoin price eyes 11% monthly gains as DXY threatens 'major' plunge
William Suberg9 hours agoBitcoin price eyes 11% monthly gains as DXY threatens "major" plungeBitcoin may clinch the best September in history if bulls can protect BTC price support into the monthly close.6366 Total view
Microsoft Gives Grant To Blockchain-Based Web3 Game StarHeroes As Historic Partnership Gets Underway
Microsoft Gives Grant To Blockchain-Based Web3 Game StarHeroes As Historic Partnership Gets Underway press release PRESS RELEASE.In what many would agree is a groundbreaking achieve
Biggest Movers: DOGE Drops to 5-Day Low on Wednesday
Biggest Movers: DOGE Drops to 5-Day Low on Wednesday Dogecoin slipped to a five-day low on Wednesday, as the meme coin fell for a second straight session. The move saw prices drop
Brayden Lindrea6 hours agoEnter the Ether: VanEck releases two ETF ads ahead of possible Monday launchOnce Ethereum futures ETF and spot Bitcoin ETF applications get approved, there will be a marketing war like we’ve n
Helen Partz10 hours agoTether credits USDT growth surge to ETF excitement, emerging marketsTether’s USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount
Tom Blackstone11 hours agoDecentralized asset management system launches for Arbitrum, OptimismValio has launched publicly, allowing investors to back money managers through a decentralized process.2946 Total views53 Tot
Chinese State-Run Media Warns About Bitcoin’s Price Falling to Zero as Regulators Issue Fresh Crypto Warning
Chinese State-Run Media Warns About Bitcoin"s Price Falling to Zero as Regulators Issue Fresh Crypto Warning A Chinese state-run newspaper has published an article warning about bi