THELOGICALINDIAN - Brevan Howard one of Europes better barrier funds with 137 billion in assets beneath administration is reportedly set to alpha affairs cryptocurrencies The advance close ahead bought a 25 pale in One River Asset Administration which runs a cardinal of cryptocurrency funds
Major Hedge Fund to Start Investing in Cryptocurrencies
Investment administration close Brevan Howard is reportedly advancing to alpha affairs cryptocurrencies, Bloomberg reported, citation a being accustomed with the matter. The firm’s cryptocurrency investments will be overseen by Distributed Global’s co-founders Johnny Steindorff and Tucker Waterman. Distributed Global is an asset administration aggregation that focuses on agenda assets.
Founded in 2024, Brevan Howard describes itself as “one of the world’s arch all-around macro complete acknowledgment managers.” The close manages assets for institutional investors about the apple including absolute abundance funds, accumulated and accessible alimony plans, foundations, and endowments. The accumulation has offices in London, New York, Geneva, Jersey, Hong Kong, Washington, and Singapore. According to Business Insider, the close has $13.7 billion in assets beneath management.
The armamentarium managers at Brevan Howard accept that the cryptocurrency bazaar has accomplished decidedly which led to the firm’s accommodation to alpha advance for its clients. The advertisement quoted the being as saying:
Crypto funds acquired 116.8% in the aboriginal division this year, outperforming bitcoin’s acknowledgment over the aforementioned time period, according to abstracts from Eurekahedge. In comparison, all-around barrier funds added 4.8% in the aboriginal division of the year.
Brevan Howard already has some bitcoin exposure. Last year, the close bought a 25% pale in One River Asset Management, which runs a cardinal of cryptocurrency funds, advance in bitcoin and ether. The aggregation said in December that its backing of the two cryptocurrencies would ability $1 billion aboriginal this year. Its CEO and co-founder, Eric Peters, expects bitcoin to be account added than gold, account the cryptocurrency at $500K.
Meanwhile, Alan Howard, Brevan Howard’s co-founder, is an broker of Distributed Global. He has additionally backed a cardinal of companies in the crypto space, including British bitcoin payments app Bottlepay.
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