News Digest: Hedge funds increase exposure to crypto assets: PwC survey
June 6, 2022
News Digest:
The proportion of conventional hedge funds investing in crypto assets increased from 21% to 38% during the 12 months ended April, according to PwC’s fourth annual Global Crypto Hedge Fund Report.
Takeaway:
The report, based on an industry survey carried out over two months ago, also revealed that 57% of traditional hedge funds had allocated less than 1% of their assets under management to crypto.