British Hedge Fund Brevan Howard Sets Up A Crypto Unit

The Crypto market is the brand new vacation spot for hedge funds to earn cash. As per the most recent improvement, British Hedge fund Brevan Howard Asset Management has arrange a brand new and devoted cryptocurrency unit amid the quickly creating asset class.

Dubbed Brevan Howard Digital (BH Digital), this crypto unit of the London-based funding agency will increase its attain within the crypto market. To increase its footprint on this market, Brevan Howard has employed Colleen Sullivan, chief government officer and co-founder of CMT Digital.

At CMT Digital, Sullivan specialised in crypto buying and selling and blockchain investments. Now, he shall be chairing the funding technique at BH Digital. Speaking of the event, Brevan CEO Aron Landy mentioned:

“Colleen’s distinctive observe file in making extremely profitable crypto enterprise investments shall be of large profit to Brevan Howard shoppers and underscores the agency’s dedication to quickly increasing its platform and choices in cryptocurrencies and digital property”.

Earlier this yr, Brevan Howard decided to enter the crypto house. The hedge fund big is seeking to put round 1.5% of its capital in digital property. The firm’s co-founder Alan Howard has additionally been investing on this sector. He just lately acquired a 25% stake in One River Asset Management whose crypto funds are backed by Howard.

Traditional Funds Seeking Crypto Exposure

Several hedge funds have been searching for market publicity in crypto just lately. With its newest determination, Brevan Howard joins the likes of hedge fund giants hedge funds Paul Tudor Jones and Marc Lasry in betting on digital property.

Last month, hedge fund Third Point Management additionally famous that it’s going to proceed to make recent investments in crypto going additional. “We will proceed to pursue extra of those investments within the portfolio and see alternatives for a number of areas of our enterprise,” mentioned Third Point founder and CEO Daniel Loeb.

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Much just lately, Virginia’s two public pension funds have additionally proven curiosity in getting publicity to crypto.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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