On the 15th, YouTube quoted Bloomberg News that the’Brevan Howard Master Fund’, a major hedge fund of $20 billion (about KRW 22.3 trillion) asset management company Brevan Howard, will begin to buy cryptocurrency. Time) reported.
The hedge fund is known to invest 1.6% of its $5.6 billion pool of funds, and it is said that Bitcoin is not the only cryptocurrency under the radar of the hedge fund.
It is not surprising that the New Jersey-based company is making its way into the cryptocurrency industry. Breburn Howard co-founder Alan Howard is an investor in One River Asset Management, a volatility-focused hedge fund that currently owns over $1 billion worth of Bitcoin and Ethereum.
The British billionaire also led the series A funding round of $25 million cryptocurrency custodian Komainu, announced in March.
Here, Howard is one of the largest shareholders of CoinShares, a European digital asset management company.
(The Brevan Howard Master Fund, the main hedge fund of $20 billion asset management company Brevan Howard, will start buying cryptocurrencies, Bloomberg reports.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.