🌎 Brevan Howard Crypto Fund Gains 20% as Institutional Interest Rises

Brevan Howard Asset Management’s crypto fund has reported a 20% gain in the first half of 2024 as institutional investors increasingly turn to cryptocurrency amid rising prices.

BH Digital, a crypto hedge fund managing $2.3 billion, has increased its assets under management by approximately 20% in H1 2024. The fund, managed by Alan Howard, a well-known British billionaire hedge fund manager, has consistently outperformed other units under Howard’s control. BH Digital has notably outpaced Brevan Howard’s flagship Master fund, which is down 1.5% year-to-date.

Brevan Howard is considering expanding its team, although it is unclear whether this will involve an investment in the crypto unit, which currently employs 60 people.

Since its launch in late 2021, BH Digital has achieved a more than 50% gain since it began trading in March 2022. The fund offers institutional investors access to a wide range of opportunities, including investments in liquid cryptocurrencies and venture capital within the crypto sector.

Beyond its crypto investments, Brevan Howard is exploring new avenues such as asset tokenization. Earlier in 2024, WebN Group and Laser Digital, backed by Alan Howard, introduced the web3 protocol Libre, focusing on asset tokenization and smart contracts for regulatory-compliant issuance and management of alternative investments.