Wednesday, December 1, 2021

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

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EY, one of many large 4 consulting and auditing companies in the world, discovered that one in 4 hedge funds predict to enhance their crypto publicity for the following 12 months. The 2021 EY Global Alternative Fund Survey describes that various fund managers are slowly taking a steady place in the portfolios of buyers, with digital property being current, albeit in a small method.

EY Survey Finds Hedge Funds Hungry of Crypto Exposure

The 2021 Global Alternative Fund Survey, a survey compiled by EY, one of many large 4 corporations, exhibits the efficiency and recognition of other fund managers amongst buyers throughout the 12 months. The survey has discovered that hedge funds are probably the most open platforms to embody crypto property in their constructions. According to the survey, one in 4 hedge funds is finding out to enhance their publicity to cryptocurrencies in the following 12 months.

Due to the coronavirus pandemic, buyers had to undergo an fascinating 12 months with many challenges, and navigating by way of this gave a giant alternative to various fund managers. However, cryptocurrency is just not widespread with a lion’s share of those fund managers presently, with only one in ten reporting having publicity to these property, displaying there may be room for progress. In any case, these funds had a formidable efficiency. 51 p.c of the buyers surveyed reported having elevated worth delivered by these various investments, having met or exceeded their expectations.


Digital Assets as Alternative Investments

The rise of digital property (cryptocurrencies) as an essential asset class, has made corporations and fund managers flip their gaze to these as comparatively worthwhile merchandise in right now’s convoluted markets. While the true involvement of those with cryptocurrencies has not been as large as with different nonregulated property, they’re beginning to carve a distinct segment in the world.

This progress has been achieved in the face of an unstable present scenario when it comes to conventional investments, with buyers looking for to occupy new markets with new methods. The survey made these findings based mostly on conversations involving 210 managers and 54 buyers and affords a glimpse on the way forward for various investments, and the way cryptocurrency is perhaps a giant a part of it.

About the significance of the selections made in this crossroads 12 months, Natalie Deak Jaros, EY Global Hedge Fund Co-leader acknowledged:

This analysis highlights the resilience of our business and the important thing transformations that managers and buyers are partnering to have an effect on. 2021 was a 12 months in which the business invested to construct vital momentum round varied initiatives that can pay dividends for years to come.

What do you consider the one in 4 hedge funds finding out to enhance their publicity to cryptocurrencies subsequent 12 months? Tell us in the feedback part under.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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