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London-based investment firm launches new vertical for digital asset investments

Brevan Howard Asset Management LLP made two major announcements today, outlining its future plans for cryptocurrency expansion.

First, the hedge fund hired Colleen Sullivan to lead its crypto vertical. Second, it is launching a new vertical for investments in digital assets. These are important announcements to optimize your cryptocurrency venture capital and private investment activities. CEO Aron Landy said in a statement:

«La croyance de Brevan Howard dans l’immense diversité des opportunités au sein de l’espace des actifs numériques et l’importance de cela pour les macro-investors à long term is the raison pour laquelle nous sommes ravis d’accueilir Colleen au sein of the society “,

Prior to her association with Brevan, Sullivan was a co-founder, CEO and partner of Chicago-based CMT Digital.

Her division focused on crypto asset trading, blockchain technology investments, as well as legal and political engagement in the vertical sector. And now that the hedge fund is looking to expand into the same tech vertical, it has also introduced a specialized division called BH Digital. In early April, the UK fund allocated 1.5% of its $ 5.6 billion fund to digital assets. Also, in addition to Bitcoin, it has already delved into other liquid tokens and crypto startups. Even before these announcements, founder Alan Howard had already made personal investments in crypto.

He is said to have owned a 25% stake in One River Asset Management and he is said to have interests in crypto companies like Copper. co. and Elwood.

The former CEO reportedly has at least nine investments in crypto companies. Lately, many hedge funds like Tudor Investment Corporation and Third Point are reviewing the crypto waters. As recently as last week, Bain Capital Ventures (BCV) submitted an application for a crypto-focused fund called BCV Crypto Fund I, L.P.

Why the Increase in Hedge Fund Investments A PwC 2021 report on global hedge funds explains why. The main reason most hedge fund managers gave for including digital assets was “general diversification.” Aside from that, “exposure to a new value-creating ecosystem” and its ability to “hedge against inflation” were other reasons for the growing popularity of cryptocurrencies among hedge fund investments.

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