alternative investment, cryptocurrencies, exposure, hedge funds, investment

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.

TECH NEWS RELATED

The Future of Money: 20 Predictions

With Sam Bankman-Fried, Beryl Li, Dovey Wan, Haseeb Qureshi, Hasu, Balaji Srinivasan, Jeff Dorman, Brett Scott, Laura Shin, and others.

View more: The Future of Money: 20 Predictions

Introducing Future of Money Week

Money innovation is everywhere and it’s getting wilder.

View more: Introducing Future of Money Week

Iris Apfel and Shutterfly Partner to Launch Holiday NFT CryptoCard Collection

This Giving Tuesday, Shutterfly, the e-commerce retail and manufacturing platform for personalized products, has partnered with style icon Iris Apfel to create an exclusive NFT holiday CryptoCard collection. The collection, which features rare and never-before-seen moments from Apfel’s life, includes three pieces where each individual NFT has been designed ...

View more: Iris Apfel and Shutterfly Partner to Launch Holiday NFT CryptoCard Collection

Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading

The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter session of parliament has begun and a crypto bill is expected to be taken up ...

View more: Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading

Most large cryptocurrencies rise on Dogecoin, Polkadot increases

CRYPTO UPDATE Most of the largest cryptocurrencies were up during morning trading on Monday, with Dogecoin (DOGEUSD) seeing the biggest move, rallying 5.45% to 22 cents. Six additional currencies posted increases Monday.

View more: Most large cryptocurrencies rise on Dogecoin, Polkadot increases

Coinstore enters India amid potential cryptocurrency regulation

Coinstore, the Singapore-based crypto exchange, has launched into India’s cryptocurrency market. Despite India Prime Minister Narendra Modi’s confirmation that a law regulating all cryptocurrencies was in the works, Coinstore appears to be undeterred as it aims to further build its brand in the Asian country. Jennifer Lu, co-founder of ...

View more: Coinstore enters India amid potential cryptocurrency regulation

Jack Dorsey Expected to Step Down as Twitter CEO: Report

The report from CNBC makes no mention of whether Dorsey’s role as CEO of Square will be changing.

View more: Jack Dorsey Expected to Step Down as Twitter CEO: Report

Binance Reports Resolving Issue With Its DOGE Wallet

Most affected users confirmed that their accounts have been unfrozen.

View more: Binance Reports Resolving Issue With Its DOGE Wallet

Moonlift Announces Rebranding Changes Name to Moonlift Capital

Galaxy Digital to Sell $500M of Notes in Private Placement

Three Arrows Backs Money-Streaming Mean DAO to Boost DeFi Payments on Solana

JPMorgan CEO Jamie Dimon continues throwing shade on crypto

Algorand Foundation pioneers Defi 2.0 on ThetaNuts

MicroStrategy Bought About 7K Bitcoins in Fiscal Fourth Quarter for $414M

WisdomTree Lists 3 Crypto Basket ETPs in Europe

SK Telecom Spinoff Acquires $75M Stake in Crypto Exchange Korbit: Report

Omni Appoints Carlos Art Nevarez as Chief AI Officer

Cryptocurrencies brace for winter, virtual Adidas and a bitcoin city

Nigerian Central Bank Wants Financial Institutions to Develop Products Based on Its CBDC

Russians Conduct $5B Worth of Crypto Transactions a Year, Central Bank Says

OTHER TECH NEWS

;