The British hedge fund Brevan Howard Asset Management announced they were going to create a special unit to deal with digital asset investments.
Crypto has long been of interest for traditional market investors. Therefore, many investment funds are beginning to develop products and services that both indirectly and directly link cryptographic assets with traditional financial markets.
The Brevan Howard hedge fund followed the trend and created crypto division called Brevan Howard Digital (BH Digital) to operate with crypto.
To expand its presence on the market, the financial organisation has hired Colleen Sullivan, chief Executive Officer and co-founder of CMT Digital, where he specialised in crypto trading and blockchain investments. Now, he will be in charge of the BH Digital investment strategy.
“Colleen’s exceptional track record in making highly successful crypto venture investments will be of tremendous benefit to Brevan Howard clients and underscores the firm’s commitment to rapidly expanding its platform and offerings in cryptocurrencies and digital assets,” said Brevan CEO Aron Landy.
According to Coingape, it was only this year when Brevan Howard decided to enter the digital asset market. The hedge fund giant intends to invest about 1.5% of its capital in Bitcoin (BTC) and other cryptocurrencies, which puts it on a par with such renowned hedge funds as Paul Tudor Jones and Marc Lasry that have been working with crypto for some time.
Another fund to confirm its further interest in digital asset market was Third Point Management.
“We will continue to pursue more of these investments in the portfolio and see opportunities for several areas of our business,” said Third Point founder and CEO Daniel Loeb.
Much recently, Virginia’s two public pension funds have also shown interest in getting exposure to crypto. It is likely that soon we will see more funds joining the crypto community.
How many crypto nerds does it take to fork an altcoin? I may be a failed comedian, but crypto is no joke! I want to share my knowledge and help others to see the bright future ahead. #buybitcoin
Les propos et opinions exprimés dans cet article n'engagent que leur auteur, et ne doivent pas être considérés comme des conseils en investissement. Effectuez vos propres recherches avant toute décision d'investissement.
|BITCOIN (BTCUSD) ₿||$61,596.71||-0.1%|
|ETHEREUM (ETHUSD) Ξ||$3,845.39||-0.61%|
|IMM. US (REIT)||$2,666.33||-0.01%|
Recevez le meilleur de l’actualité Crypto dans votre boite email
Receive a free hour of coaching with an expert! Just fill in this form and our expert will contact you within 48 hours.