So if an asset doesn’t provide that basic parameter, “we stay away from that,” he said.
The role of bitcoin in investment portfolios continues to split managers, as the world’s most popular cryptocurrency remains one of its most volatile asset classes.
Meanwhile, Bank of America Corp.
The hedge-fund manager has chosen 250 models it thinks will make money, and its AI program then allocates daily weightings.
Today, the portfolio reflects a more balanced outlook.” Last year, the Volt Diversified Alpha Program had a return of 41%, compared with an industry average across hedge funds of about 10%.