您现在的位置是:Brevan Howard to invest in cryptos >>正文
Brevan Howard to invest in cryptos
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛41人已围观
简介UK-based hedge fund Brevan Howard is set to start investing in cryptocurrencies after allocating 1.5...
UK-based hedge fund Brevan Howard is set to start investing in cryptocurrencies after allocating 1.5% of its portfolio to the new asset class
Brevan Howard Asset Management, the British hedge fund, will start investing in cryptocurrencies. This comes as more traditional financial institutions desire to gain exposure to Bitcoin and other digital assets.
Sources close to the matter told Bloomberg that the hedge fund is ready to invest 1.5% of a $5.6 billion portfolio into cryptocurrencies. The sources added that the investment dubbed as an “initial allocation” would be headed by Johnny Steindorff and Tucker Waterman, co-founders of Distributed Global, a cryptocurrency investment firm.
Brevan Howard has been around since 2002 and is one of the world’s largest macro hedge funds. The firm had more than $40 billion in assets under management as of 2013. However, it saw its holdings dwindle over time, and it had roughly $10 billion under management as of September 2020.
The hedge fund was founded by Alan Howard, a popular British billionaire who has invested heavily in the cryptocurrency space over the past few years. Last month, Alan Howard became the fourth-largest shareholder in CoinShares, Europe’s largest crypto asset manager. He took control of more than 8% of the firm via AH (St Helier) Limited — a Jersey entity owned by Howard.
He is also the owner of Elwood Asset Management, an investment firm founded in 2018 that focuses heavily on cryptocurrencies and blockchain technology. Howard has also invested in several other crypto projects over the past few years. He is also linked to the hedge fund One River Asset Management, which is estimated to hold over $1 billion in BTC and ETH.
Brevan Howard’s entry into the cryptocurrency space continues a recent tradition that has seen several traditional financial institutions gain exposure to digital currencies. Commercial banks, investment banks, hedge funds, insurance firms, retirement funds, and several others have all dipped their toes into the crypto space. The investments are expected to grow massively over the coming years.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/9416.html
相关文章
Vitalik Buterin Discusses The China
Brevan Howard to invest in cryptosEthereum CEO Vitalik Buterin believes that the ongoing China-US competitiveness could help cryptocur...
阅读更多
Shiba Memu presale hits $902k as popular meme tokens stalls
Brevan Howard to invest in cryptosAt press time, Shiba Memu had sold 30,951,646 tokens raising $902,439.72.The Shiba Memu presale has...
阅读更多
Binance report shows crypto industry in good health in 2023
Brevan Howard to invest in cryptosKey takewaysThe crypto industry experienced growth across Bitcoin and other L1s, L2s, stablecoins, D...
阅读更多
热门文章
- Archaeological method uses Earth's magnetic field to verify an Old Testament event
- Bitzlato freezes Bitcoin withdrawals as Memeinator's MMTR presale raises $2.57M
- Axiom tests high
- Ethereum price climbs 7% to break above $1,800
- Norwegian microsat makes first ground contact using lasers
- Zcash price stalls upside near $150