Brevan Howard’s crypto fund up 35% in Q1, outpaces hedge fund

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The digital crypto fund managed by Brevan Howard’s BH Digital has been a top performer within the company’s portfolio this quarter, achieving approximately 35% growth in the first three months.

According to a Bloomberg report based on information from sources familiar with the situation, BH Digital – a crypto investment fund managed by Brevan Howard with a $1.7 billion asset size – achieved a return of 34.5% during the first quarter of this year. This surpassed the returns of Brevan Howard’s main Master Fund. Since it began trading in March 2022, BH Digital has recorded over 50% growth in total returns.

According to the report, Master Fund, with approximately $12 billion in assets and a diversified portfolio including equities, bonds, currencies, and commodities, experienced a loss of roughly 2% during Q1. Similarly, Alpha Strategies Fund, managing about $12.5 billion in global macro and fixed income investments, suffered a decline of around 1.3% over the same time frame.

Brevan Howard’s crypto fund up 35% in Q1, outpaces hedge fund

Although BH Digital made significant progress, it didn’t quite match the returns of some cryptocurrencies. For instance, Bitcoin (BTC) had a year-to-date (YTD) increase of approximately 67.1%, and Binance Coin (BNB) experienced an impressive 95% YTD growth based on MarketWatch data.

Starting around late 2021, BH Digital provides institutional investors with the chance to invest in a variety of offerings. These opportunities encompass investments in easily tradable cryptocurrencies and venture capital projects within the crypto sector.

The predicted success of BH Digital is still up in the air, as certain crypto experts believe that Bitcoin‘s latest upward trend may have been anticipated, to some extent. The surge in Bitcoin’s value, which reached a new record high, was partly attributed by Fred Thiel, CEO of Marathon Digital Holdings and the largest publicly-traded US crypto mining company, to the approval of spot Bitcoin ETFs. Thiel added that the upcoming Bitcoin halving event, set for mid-April, might have been factored into current market prices as well.

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2024-04-11 11:00