Brevan Howard Asset Manager Expands Its Crypto Market Reach by Forming New Division
Bloomberg has reported that major hedge fund Brevan Howard has launched a new division that will be managing cryptocurrencies and virual assets on the wave of a rising interest towards crypto from the company.
Brevan Howard was founded back in 2002, has offices in capitals around the world, including the UK, Singapore, Geneva, etc, with over 60 portfolio managers working in them, as well as a team of over 200 staffers.
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, the CEO and co-founder of CMT Digital, will spearhead the 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 a broad expansion in 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 percent of its capital in the crypto market. A co-founder Alan Howard also owns 25 percent of stake in One River – an asset management fund whose crypto funds are backed by Brevan Howard - Bitcoin, Ethereum, etc.Source