Crypto hedge fund AUM grows, but new launches hinge on bitcoin prices Submitted By Hugh Leask | 11/05/2020 - 4:55pm Hedge funds trading cryptocurrencies doubled their assets under management last year - but returns remain volatile, with the ability to survive hinging heavily on performance, a new industry survey has found. The ‘2020 Crypto Hedge Fund Report’, jointly published today by PwC and Elwood Asset Management, a digital assets-focused investment firm, surveyed more than 40 managers running active crypto hedge funds during Q1 2020.