Four out of five managed futures hedge funds have no plans to trade bitcoin futures and almost three quarters believe the cryptocurrency adds no value to a diversified portfolio, according to a survey by Schroders. Of 55 respondent firms across the world, a third believed digital currencies are a "bad idea" not to be encouraged and 60% said bitcoin futures would be "inconsequential" in 12 months' time. Six of the world's biggest asset managers, including BarclayHedge and Man Group, recently announced they had no plans to invest in digital currencies.
Four out of five managed futures hedge funds have no plans to trade bitcoin futures and almost three quarters believe the cryptocurrency adds no value to a diversified portfolio, according to a survey by BarclayHedge. Of 55 respondent firms across the world, a third believed digital currencies are a "bad idea" not to be encouraged and 60% said bitcoin futures would be "inconsequential" in 12 months' time. Six of the world's biggest asset managers, including Schroders and Man Group, recently announced they had no plans to invest in digital currencies.