Brevan Howard Asset Management will invest part of the funds in cryptocurrencies – Bits Media

Large British Hedge Fund Brevan Howard Asset Management, which manages the assets on $5.6 billion, plans to invest in cryptocurrencies.

According to sources, familiar with the situation and who wished to remain anonymous, The hedge fund plans to invest in digital Assets before 1.5% From your portfolio. I.e, The volume of investments in cryptocurrencies can be $84 million. The fund plans to invest not only in bitcoin, but also in a whole spectrum of various digital assets.

Investments are described as "initial placement", And the co -founders of the cryptocurrency investment company Distributed Global Johnny Steindorf will manage the portfolio of digital assets. (Johny Steindorff) and Tucker Utterman (Tucker Waterman).

Co -founder Brevan Howard Asset Management Alan Howard (Alan Howard) More in 2017 year has invested part of his state of cryptocurrency. He also acquired 25% One River Asset Management, investing in digital assets, and in 2018 year launched Elwood Asset Management.

Recall, what, According to Coinshares, The volume of investments of institutional investors in cryptocurrencies for the first quarter 2021 the year was $4.5 billion.