The Aussie funds that beat bitcoin and big tech

Little known cryptocurrency investor Merkle Tree Capital has emerged as the best performing fund manager of the last financial year, with savvy bets on small-caps also delivering big returns for others.

Merkle, which invests in a range of cryptocurrencies as well as bitcoin, posted a 120 per cent return for the 12 months to June 30, preliminary data from Morningstar shows.