Billionaire Brevan Howard’s Crypto Hedge Fund Raises $1 Billion
Brevan Howard’s hedge fund has raised more than $1 billion from institutional investors.
The crypto downturn hasn’t frightened institutional buyers. European hedge fund administration firm Brevan Howard Asset Administration, which has over $23 billion in property underneath administration, has reportedly raised greater than $1 billion from institutional buyers for its crypto-focused automobile, BH Digital.
Until the end of June, BH Digital, a digital asset and crypto arm, lost just over 5% of its asset value with Brevan Howard’s Digital Asset Multi-Strategy Fund despite the current crypto winter and the overall drop in the market.
Digital Asset Multi-Strategy Fund lost a scant 4% to 5% from inception through the end of June, according to the source — even as the one-two punch of the implosion of Terra’s stablecoin UST and the insolvency of crypto lenders, such as Celsius and Voyager, locked price action and liquidity into respective death spirals.
Accordingly, this is the largest crypto hedge fund with a value of up to $1.5 billion. But billionaire Brevan Howard, who holds more than $20 billion in assets, declined to comment on this.
As Howard’s dedicated crypto arm, BH Digital brings investors such as wealth funds, pension funds, and endowments closer to crypto.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Billionaire Brevan Howard’s Crypto Hedge Fund Raises $1 Billion
Brevan Howard’s hedge fund has raised more than $1 billion from institutional investors.
The crypto downturn hasn’t frightened institutional buyers. European hedge fund administration firm Brevan Howard Asset Administration, which has over $23 billion in property underneath administration, has reportedly raised greater than $1 billion from institutional buyers for its crypto-focused automobile, BH Digital.
Until the end of June, BH Digital, a digital asset and crypto arm, lost just over 5% of its asset value with Brevan Howard’s Digital Asset Multi-Strategy Fund despite the current crypto winter and the overall drop in the market.
Digital Asset Multi-Strategy Fund lost a scant 4% to 5% from inception through the end of June, according to the source — even as the one-two punch of the implosion of Terra’s stablecoin UST and the insolvency of crypto lenders, such as Celsius and Voyager, locked price action and liquidity into respective death spirals.
Accordingly, this is the largest crypto hedge fund with a value of up to $1.5 billion. But billionaire Brevan Howard, who holds more than $20 billion in assets, declined to comment on this.
As Howard’s dedicated crypto arm, BH Digital brings investors such as wealth funds, pension funds, and endowments closer to crypto.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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