UK hedge fund reportedly plans to invest $84M in crypto
Cointelegraph
Published Apr 15, 2021 02:35PM ET
Updated Apr 15, 2021 04:40PM ET
Brevan Howard, a United Kingdom-based asset management firm, is reportedly planning to directly invest in digital assets after more than a year of exposure to the crypto space.
According to a Bloomberg report, Brevan Howard Asset Management will be allocating 1.5% of the $5.6 billion in its main hedge fund to crypto — roughly $84 million. A source with knowledge of the matter said two co-founders of crypto investment firm Distributed Global, Johnny Steindorff and Tucker Waterman, would be leading Brevan Howard’s foray into crypto.
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Written By: Cointelegraph
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