The digital assets-focused vehicle of Brevan Howard Asset Management has raised more than $1 billion from institutional investors. BH Digital, which debuted in September 2021, hasn’t committed all of its cash; according to a source, a lack of liquidity keeps the company from doing so. Sources: EU-based hedge fund Brevan Howard has raised $1B+ from institutional investors for its crypto unit BH Digital, in the largest crypto hedge fund launch (@michael_bodley / Blockworks)https://t.co/8hiUm7quyshttps://t.co/0AOmCTC7Ee — Techmeme (@Techmeme) August 5, 2022 Brevan Howard Lost 5% Despite the Market Downturn Through the end of June, BH Digital, the cryptocurrency and digital asset division of Brevan Howard, lost less than 5% of its value, according to a source. Despite the “crypto winter,” the demise of the Luna stablecoin, and the general drop in cryptocurrency values, the performance is impressive. The fund is the largest cryptocurrency hedge fund launch till date, with a maximum capacity of $1.5 billion. Brevan Howard, who oversees more than $20 billion in assets, declined to comment. BH Digital Assists Institutional Investors As Brevan Howard’s specific cryptocurrency division, BH Digital assists institutional investors, including sovereign wealth funds, pension funds, foundations, and endowments, in getting exposure to the market. The announcement of the significant fundraising effort follows months of unrest that saw one of t...
