British hedge fund Brevan Howard ready to invest in crypto

Mon 13 Sep 2021 ▪ 14h29 ▪ 3 min read — by Susan McCormack

The British hedge fund Brevan Howard Asset Management announced they were going to create a special unit to deal with digital asset investments.

Where there’s demand, there’s supply

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.

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Susan McCormack

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

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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