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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
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.   

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

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