![Brevan Howard Acquires Crypto Fund From Dragonfly Capital Brevan Howard Acquires Crypto Fund From Dragonfly Capital](https://forexcryptozone.com/wp-content/uploads/2023/03/blockchain8.jpg)
- Brevan Howard Asset Administration has taken over a digital asset fund managed by Dragonfly Capital.
- The takeover indicators Brevan Howard’s push into the digital asset house.
- The brand new crypto fund will function beneath the crypto and digital property division of Brevan Howard.
European hedge fund Brevan Howard Asset Administration is pushing additional into the digital asset house with its takeover of the Liquid Alternatives fund. Liquid Alternatives is a crypto and digital asset fund operated by main crypto funding fund Dragonfly Capital.
In response to a Bloomberg report, Brevan Howard has reached an settlement with Dragonfly Capital to take management of his long-short crypto fund. A $30 billion European hedge fund will function the Liquid Alternatives fund beneath its crypto and digital property division, Brevan Howard Digital.
Dragonfly Capital is a number one identify in crypto investing. Its portfolio consists of heavyweights like Amber Group, ByBit, Matrixport, Aptos and MakerDAO amongst dozens of different initiatives. The crypto fund in query was based in June 2021 and is at present managed by Kevin Hu, Ashwin Ramachandran and Lawrence Diao.
Kevin Hu is chief funding officer of the Liquid Alternatives fund. Individuals aware of the matter revealed that the fund’s long-short buying and selling technique is according to Brevan Howard Digital’s energetic buying and selling strategy.
Dragonfly Capital stated in an inner doc that “after prolonged discussions, we have now determined that Brevan Howard, one of many largest hedge funds on the planet, is the appropriate long-term residence for Kevin and his workforce.
Brevan Howard Digital was established in September 2021 and is at present led by Aron Landy. The fund is geared toward institutional shoppers in search of publicity to the crypto market by means of conventional channels. “We offer unconstrained, alpha-focused and diversified publicity to the big selection of funding alternatives out there within the digital asset ecosystem through a multi-manager, multi-strategy strategy throughout personal and public markets,” signifies the official web site of the corporate.