Share this article
Hedge Fund Behind One River Digital to Invest Part of $5.6B Fund in Crypto: Report
Macro fund manager Brevan Howard plans to invest up to 1.5% of its main fund in cryptocurrencies, according to a story in Bloomberg.
By Danny Nelson
Updated Sep 14, 2021, 12:41 p.m. Published Apr 15, 2021, 6:21 p.m.
Brevan Howard Asset Management, the macro investment firm and part-owner of cryptocurrency hedge fund One River Digital, is itself gearing up for direct investments in crypto, according to Bloomberg.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The European fund manager will invest up to 1.5% of its main fund (worth $5.6 billion at press time) in undisclosed cryptos, according to unnamed sources cited by Bloomberg.
- The macro fund has made multiple bets in crypto companies over the years but shied away from direct exposure until now.
- Their investment in cryptocurrencies continues a trend of storied investment managers rapidly warming up to bitcoin and its smaller brethren.
- Bloomberg said the digital asset investments will be "overseen" by executives at crypto venture firm Distributed Global, of which Brevan Howard is an investor.
- It is not clear if One River Digital, the institutional crypto firm whose parent company is also partly owned by Brevan Howard, is participating.
Read more: Daniel Loeb’s $17B Hedge Fund Is Keeping Crypto With Coinbase – And Maybe Even Staking It
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
