Encrypted hedge fund Polychain Capital manages asset value down 40%

The cryptocurrency hedge fund Polychain Capital's assets under management (AUM) have fallen from a previous high of $1 billion to $591 million in the fourth quarter of 2018. According to CoinMarketCap, the value of assets managed by the hedge fund fell by about 40% from April to December 2018, but during the same period, the total market value of all cryptocurrencies fell by more than 50%.