Blame It On The Fees?

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A hedge fund that is not really a hedge fund has taken bitcoin's 6,000% appreciation this year and turned it into a 4,847% return for investors.

The Bitcoin Fund, which is traded exclusively on the EXANTE fund platform and was launched in late 2012, is the best performing hedge fund year to date with a return of 4847 per cent….

The fund charges no performance-based fee. It does charge an annual management fee of 1.75 per cent, as well as a 0.5 per cent transaction fee.

The fund according to EXANTE does not use leverage or derivatives for risk management and there is no discretionary management; one fund share is strictly equal to the value of one bitcoin, which are bought and sold as investors buy and sell Bitcoin Fund shares.

Bitcoin Fund is best performing hedge fund year-to-date [HedgeWeek]
In Bitcoin's Orbit: Rival Virtual Currencies Vie for Acceptance [DealBook]

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