Brevan Howard, a European hedge fund management company, has said it will be expanding its crypto business. BH Digital, which is the hedge fund’s recently created unit, is expected to “manage its cryptocurrency and digital assets.”
Growing Interest in Crypto From Hedge Funds
In addition to creating BH Digital, Brevan Howard, according to a Reuters report, has also said it will be hiring Colleen Sullivan, the current CEO of the digital arm of trading firm CMT, to lead private and venture investments in crypto.
The announcement by Brevan Howard, which is reputed “for its bets on macroeconomic trends,” is the latest piece of evidence that suggests that “major hedge funds [are] moving into the world of crypto trading.” To buttress claims that institutional investors are pivoting to crypto, the same report points to recent moves by other high-profile money managers like Paul Tudor and the Man Group which trades bitcoin futures.
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