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Brevan Howard's $5.6 Billion Hedge Fund Gets Into Crypto

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Thu, 15/04/2021 - 16:28
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Brevan Howard's $5.6 Billion Hedge Fund Gets Into Crypto
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The Brevan Howard Master Fund, the main hedge fund of $20 billion asset management company Brevan Howard, will start buying cryptocurrencies, Bloomberg reports.

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The hedge fund will reportedly invest 1.6 percent of its $5.6 billion money pool, and Bitcoin is not the only cryptocurrency on its radar.  

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The fact that the Jersey-based company is moving into crypto is not surprising. As reported by U.Today, Alan Howard, the co-founder of Brevan Howard, is an investor in volatility-focused hedge fund One River Asset Management that currently owns over $1 billion worth of Bitcoin and Ethereum.         

The British billionaire also led the $25 million Series A funding round of cryptocurrency custodian Komainu that was announced last March.   

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On top of that, Howard is one of the largest shareholders of European digital asset manager CoinShares.      

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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