In the week ending 06 July, 2018, reports said that the European hedge fund industry had a more successful 2017 than North America in terms of asset flows. Emboldened by the positive year in terms of capital flows, almost 40% of Europe-based hedge fund managers surveyed by Preqin in November 2017 planned to launch a new fund in 2018 versus just 23% in North America. As of March 2018 Europe-based hedge fund managers hold EUR587bn in assets under management. FinTech, crypto is the fastest growing segment of the hedge fund industry with $637.7m already invested so far this year.