Hedge fund managers have made a killing from booming prices of precious metals and cryptocurrencies.

That's according to the August 2020 Eurekahedge Report, which found that funds investing in precious metals such as gold or silver were up 54.47% in four months ending in July, taking their year-to-date performance to 39.96%. Fund managers loading up on cryptocurrencies are up 49.89% in the first seven months of the year, compared with gains of 16% in 2019.