- Brevan Howard Asset Administration has taken over the digital asset fund managed by Dragonfly Capital.
- The acquisition marks Brevan Howard’s foray into the digital asset house.
- The brand new cryptocurrency fund will function beneath Brevan Howard’s cryptocurrency and digital asset division.
European hedge fund Brevan Howard Asset Administration continues its push into the digital asset house with the acquisition of Liquid Alternatives. Liquid Alternatives is a cryptocurrency and digital asset fund managed by main crypto funding fund Dragonfly Capital.
Based on a Bloomberg report, Brevan Howard has struck a cope with Dragonfly Capital to take management of its long-term cryptocurrency fund. The US$30 billion European hedge fund will handle the Liquid Alternatives fund by its cryptocurrency and digital property arm, Brevan Howard Digital.
Dragonfly Capital is a distinguished identify within the cryptocurrency funding house. Its portfolio consists of heavyweights like Amber Group, ByBit, Matrixport, Aptos, and MakerDAO, amongst dozens of different tasks. The cryptocurrency fund in query was based in 2021. in June and is at present managed by Kevin Hu, Ashwin Ramachandran and Lawrence Diao.
Kevin Hu serves because the Chief Funding Officer of Liquid Alternatives Fund. The fund’s long-short buying and selling technique is per Brevan Howard Digital’s lively buying and selling method, individuals accustomed to the matter mentioned.
Dragonfly Capital mentioned in an inner doc that “after in depth discussions, we’ve got determined that Brevan Howard, one of many largest hedge funds on the earth, is the correct long-term dwelling for Kevin and his crew.”
Brevan Howard Digital was based in 2021. in September and is at present managed by Aron Landy. The fund is meant for institutional shoppers in search of publicity to the cryptocurrency market by conventional channels. “We provide an unconstrained, alpha-focused and diversified broad vary of funding alternatives obtainable within the digital asset ecosystem by a multi-manager, multi-strategy method in each non-public and public markets,” the corporate’s official web site says.
