Home / Crypto Currency / Top 6 Traditional Hedge Funds Noting a Steep Decline in Managed Assets

Top 6 Traditional Hedge Funds Noting a Steep Decline in Managed Assets

Hedge funds are going through a rather rough stage right now. Not just the cryptocurrency service providers, but more traditional offerings are feeling the pressure as well. The following hedge funds – ranked by loss amount – have seen their total valuation plummet significantly over the past few years.

#6 Fir Tree

The past few years have not been great for Fir Tree. Originally founded in 1994, the hedge fund reached its peak in terms of asset worth back in 2015. At that time, the company managed $13bn worth of assets. Fast forward to today, and that number has shrunk to $7bn. A more than respectable number still, but one that shows things are not heading in the right direction.

#5 Tricadia

The Tricadia hedge fund has not seen the best of times ever since reaching $4bn in assets back in 2015. Although the firm never grew into a market leader, it earned great respect in the industry. Even so, the firm currently controls $1.8bn in assets, which is still a decline of over 50% compared to a few years ago. Remaining a competitive hedge fund is a lot more difficult than most people assume.

#4 Tudor

The Tudor Investment Corporation launched the Tudor Fund several years ago. By leveraging their financial expertise, the company quickly got pushed to the forefront of the financial industry. At its peak in 2008, the company controlled $22bn in assets, which was a massive amount at that time. The financial crisis had quite an impact on Tudor, as the firm now has just $7bn in assets remaining. A 66% decline in ten years is not promising.

#3 Discovery

Although this hedge fund has nothing to do with the TV channel, Discovery’s hedge fund venture has not been overly successful in recent years. Back in 2014, the firm controlled $15bn in assets, making it one of the more successful companies post-recession. Unfortunately, their holdings plummeted to $3.8bn in very quick succession. This is a rather common trend among hedge funds over the past ten years.

#2 Brevan Howard

It is safe to say things have taken a turn for the worse for the Brevan Howard hedge fund. The company manages assets for over 200 institutional investors, yet has seen its total holdings decrease from $40bn in 2013 to $8bn in 2018. An 80% reduction in assets shows hedge funds are struggling significantly at this stage, which is always worrisome.

#1 Litespeed

By far the hedge funds suffering from the most negative momentum has to be Litespeed. The firm quickly rose to success by the time 2014 came around, as its assets rose to $3.4bn. Four years later, the company just manages $303m in assets, which is a 90% decline overall. There isn’t enough money flowing into hedge funds these days, as it seems cryptocurrency-related offerings have taken center stage, for the time being.

Read more

Check Also

Dogecoin Price – Gains Loom on the Horizon as Community Bands Together

The cryptocurrency markets have seen plenty of promising momentum throughout the previous weekend. As is usually the case, things fall apart the Monday after. Today is no different, even though the Dogecoin price remains relatively stable. The confirms the meme coin may see some positive price momentum as the week progresses. Dogecoin Price Remains Stable The past week has not been overly impressive for the DOGE’s price. Despite some positive momentum two weeks ago, last week was filled with small declines and sideways trading momentum. Not much has happened in the world of DOGE that week either, although this trend may be coming to change fairly soon. The current low price has some people excited to pick up some cheap DOGE. In terms of Satoshis, one DOGE sits at 86 Satoshi right now. That appears to be a rather solid entry point, as the altcoin hit 100 Satoshi a few weeks ago. Although the momentum did not last too long, it is not impossible things will head in a similar direction rather Lovely cliff top to buy for my regular Monday $doge purchase In at 86 satoshi #dogecoin #therealbitcoin — Bitty Cryptonius (@BittyCryptonius) September 24, 2018 The Dogecoin community has been working on a few interesting changes behind the scenes. So far, it has not impacted the price or its market cap just yet, although things are always subject to change in the world of cryptocurrency. On the “fun” front, a new Dogecoin paper bill is being created by enthusiasts on Reddit. This bill looks somewhat similar to more common Bitcoin paper wallets, as custom designs have been of great interest in this regard. The bill displayed on Reddit is quite neat and shows it may effectively bring a lot more attention to the Dogecoin ecosystem moving forward. Last but not least, the correlation between Dogecoin and racing is still in place, by the look of things. One Reddit user put a DOGE decal on his race car, which is competing in local races. Although it may not necessarily result in major exposure for the cryptocurrency, every small marketing push can help move things along in the future. As is usually the case, one has to wonder if the Dogecoin price will see any major improvements. As of right now, there is a 0.25% decrease in USD value, yet a 1.05% gain over Bitcoin. Things can get very interesting in this regard, assuming the positive momentum remains in place for some time to come. The markets will all see a healthy bounce this week, yet Dogecoin may be the one to lead the charge in this regard. Disclaimer: The above is not trading or investment advice. Always do your own research before investing in any cryptocurrency. The post Dogecoin Price – Gains Loom on the Horizon as Community Bands Together appeared first on NullTX.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.