current position:Home>Brevan Howard's Crypto Fund Raises Over $1 Billion in Institutional Funding

Brevan Howard's Crypto Fund Raises Over $1 Billion in Institutional Funding

2022-08-05 12:15:37Bochain Finance

Global hedge fund giant Brevan Howard has launched a crypto hedge fund that has raised more than $1 billion from institutional investors, according to BlockWorks on August 5, according to four people familiar with the matter.

Another source said that even the bankruptcy of crypto lending platforms such as Terra stablecoin UST, Celsius and Voyager sent the entire crypto market into recession.

Brevan Howard's early performance has beaten the competition, with its hybrid vehicle "Brevan Howard Digital Assets Multi-Strategy Fund" losing just 4% from inception to the end of Juneto 5%.

The fund is understood to remain open to outside capital, and its limited partners include some of the world's largest and most sophisticated hedge fund investors, including industry giants that specialize in backing traditional finance.

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