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Brevan Howard Asset Manager Expands Its Crypto Market Reach by Forming New Division

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Mon, 09/13/2021 - 12:04
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Yuri Molchan
Brevan Howard asset manager has decided to greatly expand its crypto asset push and has formed a new digital asset unit
Brevan Howard Asset Manager Expands Its Crypto Market Reach by Forming New Division
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Bloomberg has reported that major hedge fund Brevan Howard has launched a new division that will manage cryptocurrencies and virtual assets with a wave of interest in crypto rising from the company.

Brevan Howard was founded back in 2002, has offices in capitals around the world, including the U.K., Singapore and Geneva, with over 60 portfolio managers working in them, as well as a team of over 200 staffers.

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BH Digital will expand the firm's crypto market reach

Brevan Howard is based in London and is mainly dealing with macro trading. It has now created a crypto-focused unit, BH Digital. Colleen Sullivan, CEO and co-founder of CMT Digital, will spearhead BH Digital's investment activities in the crypto market, as per the statement made earlier today.

This move emphasized the company's firm intention to start broad expansion into the cryptocurrency market, according to Aron Landy, the chief of Brevan Howard.

Earlier this year, the hedge fund decided to invest up to 1.5% of its capital into the crypto market. One of the co-founders, Alan Howard, also owns a 25% stake in One River—an asset management fund whose crypto funds are backed by Brevan Howard.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.