“What was the strategy that the fund used to turn a hypothetical €10,000 investment into €494,700 in less than 11 months? Bitcoin—and only bitcoin. What Exante calls a ‘hedge fund’ is really more like an exchange-traded fund (ETF) that isn’t publicly traded (but still regulated). Exante’s Bitcoin Fund doesn’t have a unique investment approach—it buys bitcoins with money invested into the fund and sells bitcoins when money is withdrawn. A fund unit equals the price of one bitcoin, always. The fund charges a 1.75% per year management fee and 0.5% transaction fee. It’s not open to all investors; only those with a certain level of experience or wealth can apply.”

http://qz.com/151823/the-suspiciously-simple-strategy-behind-the-best-performing-hedge-fund-in-history/

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