Hedge fund analysis specialist HFR has launched an expanded strategy classification system for hedge funds and alternative investment products focused on the cryptocurrency and blockchain space, with the introduction of 11 specialised sub-strategies.

According to a press statement, HFR’s strategy expansion offers granular insights into the unique and specific investment strategies available for investment in the exciting and rapidly evolving cryptocurrency and blockchain space.

Over the five-year period ending February 2025, the HFR Cryptocurrency Index has produced a annualised return of +51.4% and a cumulative gain of +694.6%, with annualised volatility of 59.5%.

“HFR’s powerful expansion of the cryptocurrency and blockchain sub-strategies constitutes a defining, inflection point in the historic evolution of the global hedge fund industry, capturing the specialised detail and explosive growth of the space, and delineating a modular, cohesive framework for investors to increase their understanding and awareness of these high-growth strategies for investment and benchmarking purposes," said Kenneth J Heinz, President of HFR.

"In the same way HFR pioneered the standard strategy and sub-strategy benchmarks against which all hedge funds are now measured, we are bringing that same level of specificity and granularity to the fast-moving and ever-evolving crypto hedge fund universe.”