EY Research Finds 1 in 4 Hedge Funds Will Increase Encryption Exposure Next Year

EY Research Finds 1 in 4 Hedge Funds Will Increase Encryption Exposure Next Year

Due to the coronavirus pandemic, investors had to go through an interesting year with many challenges, and navigating through this gave a big opportunity to alternative fund managers. However, cryptocurrency is not popular with a lion’s share of these fund managers currently, with just one in ten reporting having exposure to these assets, showing there is room for growth. In any case, these funds had an impressive performance. 51 percent of the investors surveyed reported having increased value delivered by these alternative investments, having met or exceeded their expectations.

The 2021 Global Alternative Fund Survey, an overview arranged by EY, one of the enormous four companies, shows the performance and popularity of alternative fund managers among investors during the year. The overview has observed that hedge funds are one of the most open stages to include crypto assets in their structures. As indicated by the review, one of every four hedge funds is considering to build their openness to cryptocurrencies in the following year.

Digital Assets as Alternative Investments
The rise of digital assets (cryptocurrencies) as an important asset class, has made companies and fund managers turn their gaze to these as relatively profitable products in today’s convoluted markets. While the real involvement of these with cryptocurrencies has not been as big as with other nonregulated assets, they are starting to carve a niche in the area.

This growth has been achieved in the face of an unstable current situation when it comes to traditional investments, with investors seeking to occupy new markets with new strategies. The survey made these findings based on conversations involving 210 managers and 54 investors and offers a glimpse on the future of alternative investments, and how cryptocurrency might be a big part of it.

About the importance of the decisions made in this crossroads year, Natalie Deak Jaros, EY Global Hedge Fund Co-leader stated:

This research highlights the resilience of our industry and the key transformations that managers and investors are partnering to affect. 2021 was a year in which the industry invested to build significant momentum around various initiatives that will pay dividends for years to come.

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