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Brevan Howard Embraces Bitcoin Through Its $5.6 Billion Hedge Fund

Mary Liu

Summary: Another institutional giant is embracing Bitcoin. According to Bloomberg, sources revealed that Brevan Howard Asset Management is preparing to invest in digital assets and become the latest big name to join the crypto space. The company now led by Aron Landy will first allocate 1.5% of its $5.6 billion major hedge fund to cryptocurrency. Public ...

Another institutional giant is embracing Bitcoin.

According to Bloomberg, sources revealed that Brevan Howard Asset Management is preparing to invest in digital assets and become the latest big name to join the crypto space.

The company now led by Aron Landy will first allocate 1.5% of its $5.6 billion major hedge fund to cryptocurrency.

Public data shows that Brevan Howard was once known as one of the world's largest macro hedge funds with an AUM of $40 billion. As of September 2020, the fund manages approximately $10 billion in assets in six offices around the world.

By Mary Liu

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