Billionaire Alan Howard to Begin Investing in Cryptocurrencies

The British hedge fund Brevan Howard Asset Management will begin investing in digital assets. сообщает Bloomberg, citing sources familiar with the situation.

According to the agency, the billionaire Alan Howard’s firm will invest up to 1.5% of its assets under management, totaling $5.6 billion.

The investments, described as an ‘initial allocation’, will be managed by Distributed Global co-founders Johnny Standorf and Tucker Waterman.

Founded in 2002, Brevan Howard Asset Management became one of the world’s largest hedge funds in 2013. At that time, it managed around $40 billion. As of September 2020, the firm managed roughly $10 billion.

Earlier in March, billionaire Alan Howard, with the participation of Galaxy Digital, NOIA Capital and Nomura Research Institute led the Series A financing round of the custody service Komainu for $25 million.

In late February, Alan Howard supported the Bottlepay micro-payment service in a seed funding round of $15.5 million.

Earlier, billionaire invested in the hedge fund One River Digital, whose holdings of bitcoin and ether as of the start of 2021 stood at around $1 billion.

Howard also holds a stake in the investment firm Elwood Asset Management, which specializes in cryptography and blockchain.

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