Crypto hedge funds managed nearly $3.8 billion in 2020, up from $2 billion in 2019, according to a new report from PwC and the Alternative Investment Management Association (AIMA), the third annual Global Crypto Hedge Fund Report.
The percentage of crypto hedge funds with assets under management (AUM) over $20 million increased in 2020 from 35 percent to 46 percent. The average AUM for this year’s surveyed funds increased from $12.8 million to $42.8 million, while the median AUM increased from $3.8 million to $15 million. The median AUM at fund launch is $1 million, indicating that funds have generally seen an impressive 15X increase in AUM.
The vast majority of investors in crypto hedge funds are either high-net-worth individuals (54 percent) or family offices (30 percent).
