At the time of the report, Pwc estimated that were are around 150-200 crypto hedge funds globally with the overall majority of them (81%) founded within the 2017-2020 period. This 3rd annual Crypto Hedge Fund report by Pwc gives an overlook of the global crypto hedge fund landscape and provides comparative data on performance, liquidity and best practices.

In 2020, the AuM of crypto hedge funds have almost doubled in size to $3.8B from $2B in 2019. The median AuM hovers around $15M, while the median AuM at launch hovers around $1M. The median crypto hedge fund performance in 2020 returned +128%, while the fees have stayed standard – most funds are operating under a 2/20 feee structure while the majority of fund investors are high net worth individuals and family offices.

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In this 98th Issue from Goldman Sachs Global Macro Research team, a deed-dive into the crypto asset class is provided for the reader alongside a couple of interviews with contradicting viewpoints on cryptocurrencies.

Goldman team brilliantly categorises and explains the blockchain and crypto ecosystem and evolution from first principles in through an easily understandable lens. Report discusses various infrastructure layers, the creation and transacting in Bitcoin and the largest alternative coins (alts).

Report contains interviews with: M. Novogratz (Galaxy Digital Holdings), N. Roubini (NYU), M. Sonnenshein (Grayscale), M. McDermott (Goldman Sachs), Alan Cohen (SEC), D. Guido (Trail of Bits), M. Gronager (Chainalysis).

Find the full report by following this link.