Brevan Howard’s crypto fund gains 20%, hitting $2.3b in AUM: report

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As a seasoned researcher with a background in finance and technology, I find the recent developments at Brevan Howard Asset Management particularly intriguing. Having closely followed the crypto market and its related investment vehicles for years, I’ve witnessed firsthand the transformative potential of digital assets and the increasing interest from institutional investors.

In the first half of 2024, Brevan Howard Asset Management’s cryptocurrency fund experienced a 20% growth. This surge can be attributed to the increasing interest from institutional investors in the crypto market, fueled by escalating prices.

According to reliable sources who have been informed about the situation, BH Digital, a crypto hedge fund, has observed a significant growth in its managed assets during the initial six months of the year 2024. Specifically, the value of assets under their care has expanded by approximately 20%, reaching a total of $2.76 billion.

As a financial analyst, I’ve noticed an intriguing trend in the performance of Alan Howard’s crypto fund, BH Digital, compared to other funds managed by him. Specifically, BH Digital has surpassed Howard’s flagship Master fund, Brevan Howard, in terms of returns so far this year. The Master fund, which is still down 1.5% as of the latest data, hasn’t fared as well.

According to recent reports, Brevan Howard is pondering over growing its workforce. It’s unclear if this development includes a potential investment in their existing crypto team, which presently comprises sixty members.

Since its debut at the end of 2021, BH Digital has experienced over a 50% growth from when it started trading in March 2022. This fund caters to institutional investors, offering them exposure to a diverse set of investment possibilities within the crypto market, encompassing both liquid cryptocurrencies and venture capital opportunities.

Brevan Howard, known for its crypto investments, is also delving into fresh opportunities like asset tokenization. In early 2024, WebN Group and Laser Digital, financed by Alan Howard, launched the Libre protocol from their stable. This web3 innovation concentrates on asset tokenization and smart contracts to ensure regulatory compliance when issuing and managing alternative investments.

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2024-07-19 11:59