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ChinaRock Capital Management has rewarded investors in its five-year-old venture capital fund with 27 times their initial outlays by scoring huge returns from financing start-ups involved in everything from artificial intelligence to ride sharing. The $37.5 million CRCM Opportunity fund has distributed more than $1 billion since it was set up in 2013, Toby Zhang, a venture capital partner of ChinaRock, said by telephone from San Francisco. An earlier venture capital fund returned more than $300 million. Full investment news article
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Bitcoin had a pretty good April. Pantera Capital had an even better one. The hedge fund’s Digital Asset Fund surged 46 percent last month, compared with a 31 percent gain registered by the biggest digital coin. Full investment news article