VCs have dominated private funding and the start-up space for decades, while hedge funds focused largely on publicly listed companies. The reason for this is simple: hedge funds prefer to invest in stocks such as Google and Facebook that will offer them high returns on investment (ROI) in a short period of time.
In 2014, hedge fund Coatue Management participated in Snap’s $50 million round of fundraising, making it the first significant hedge fund investment in a non-fintech start-up.
Not only has an interest in digital assets grown gradually, but the number of hedge funds focused on cryptocurrencies has also grown significantly. According to PWC Crypto Hedge Fund research, there are between 150 and 200 active crypto hedge funds managing more than $1 billion in assets under management (AUM).
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