(CNBC) Bitcoin hit an all-time high last week, marking a year-to-date rally of 180 percent and potentially stellar returns for those who bet on the cryptocurrency, but it appears hedge funds are still not ready to touch the asset class. The lighter supervision and more sophisticated client base enjoyed by hedge funds, as well as their ongoing search for market-beating alternative sources of return, provide just some reasons why such vehicles would be expected to venture more boldly into the booming but narrowly understood market for cryptocurrencies.
Bitcoin is Outperforming Major Assets but Hedge Funds Are Still Staying Away
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