March Archives -
Tension was building Sunday afternoon in Washington, D.C., as a group of far-right demonstrators gathered for the so-called “Unite the Right II” march toward the White House and were met by dozens of law enforcement officers and hundreds of counterprotesters.
Police in Portland, Oregon, declared a riot and ordered participants in a march by Patriot Prayer to disperse after officers saw assaults and projectiles being thrown. Police said Saturday that some arrests were made at the downtown protest, reports the AP . The problems occurred as two opposing protest groups—Patriot…
They wore white. They shook their fists in the air. They carried signs reading: “No more children in cages,” and “What’s next? Concentration Camps?” In major cities and tiny towns, thousands of marchers gathered across America, moved by accounts of children separated from their parents at the US-Mexico border, in…
The global chemical weapons watchdog says the nerve agent sarin and toxic chemical chlorine were “very likely” used as weapons in two attacks in central Syria in late March 2017.
Health care companies led US indexes modestly higher on Wall Street Friday, closing out the market’s biggest weekly gain since March. The Dow Jones industrial average gained 91 points to 24,831, per the AP . The Nasdaq composite edged down 2 points to 7,402, and the S&P 500 index…
U.S. stock indexes ended mostly higher Friday as the market closed out its biggest weekly gain since March.
Drugmakers and other healthcare companies climbed after investors sized up President Trump’s latest plans to rein in drug prices and concluded that any policy changes didn’t pose immediate…
Imagine your own beloved child was lying in a hospital with a mysterious brain disease.
In a signal that California’s economic engine could be slowing after a remarkable run, the state lost 7,200 net jobs last month and increases in February were far less than originally estimated, according to data released Friday by the Employment Development Department.
The decline was the first…
In theory, hedge funds employ complex investment strategies that should allow them to achieve high returns both in bearish and bullish markets. In practice many fail due to short term thinking and over-leveraged trading. These can be especially costly and not suitable for the young and volatile cryptocurrency market as any long time bitcoin HODLer can tell you.
Barclay Cryptocurrency Traders Index
Hedge fund data specialist Barclay Hedge released its newest index, the Cryptocurrency Traders Index, showing that players in the field dropped 29.2% in March 2018. And year to date, it is down 43.1% after three consecutive monthly losses. The researchers explain that the new tool is an equal-weighted index of the monthly returns of a representative universe of 19 constituent funds that trade bitcoin and other cryptocurrencies, starting Jan 1st 2018.
Founded in 1985 and formerly known as The Barclay Group, Barclay Hedge serves institutional investors around the world in the field of hedge fund and managed futures performance measurement and portfolio management. In addition to 25 proprietary indices, it maintains 148 hedge fund indices for financial institutions in North America and Europe in its role as an independent index calculation agent.
“Based on the knowledge gained from our 32 years of experience in collecting, compiling, analyzing, and indexing performance data from alternative investment funds, we wanted to minimize statistical biases which can distort historical index returns,” said Sol Waksman, president and founder. “We chose a January 2018 start date to avoid survivorship bias, backdating and selection bias.”
Cryptocurrency Funds Struggling to Survive
The massive 2017 price rally saw an explosion in the number of crypto hedge funds, with a whopping 167 estimated to have launched during the year. However many are struggling to survive the current market as we have previously reported, with at least nine crypto hedge funds having ceased operations.
“The ability to trade Bitcoin futures on exchanges such as CME and Cboe, which are respected worldwide, provides a much-needed level of transparency, investor safety, and credibility to the price–discovery process and creates a level of institutional legitimacy that is crucial for growth in this sector. Within days of the launch of Bitcoin futures, Bitcoin rose to its all-time high of just under $ 20,000 on December 18 last year. Today’s prices are just over $ 8,000. Folks have their opinions, but no one really knows if it’s a bubble or a correction,” commented Waksman.
Would you consider investing with a cryptocurrency hedge fund in this market? Share your thoughts in the comments section below.
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Spending at U.S. retailers bounced back in March, but the broader trend in consumer spending shows only moderate growth despite a solid labor market and growing worker paychecks.
WSJ.com: US Business