UK Hedge Fund Brevan Howard To Expand Crypto Operations

As per a recent Reuters story, Brevan Howard, a hedge fund headquartered in the United Kingdom, intends to “substantially increase” its crypto and other digital assets. Brevan’s CEO, Aron Landy, has said that the company is “committed to quickly growing its platform and services in cryptocurrencies and digital assets” after its co-founder and long-term cryptocurrency supporter Alan Howard resigned two years back.

Brevan’s cryptocurrency approach is two-way. The company is forming a fresh business section called “BH Digital” to handle its cryptocurrency and other digital assets, and it has also recruited CMT Digital CEO Colleen Sullivan to oversee private and venture cryptocurrency operations. Since the final stage of 2013, Sullivan has headed CMT Digital, a CMT Group subsidiary focusing on crypto trading, blockchain investments, and industry legal/policy involvement.

Since the final stage of 2013, Sullivan has headed CMT Digital, a CMT Group subsidiary focusing on cryptocurrency trading, blockchain investments, and legislation issues in the crypto industry. At Brevan, she would lead an investing committee tasked with developing a fresh crypto-focused strategy. Sullivan’s “excellent track history in generating very profitable cryptocurrency venture investments,” according to Landy, will be “of great value to Brevan Howard customers.”

Brevan’s cryptocurrency approach under Landy indicates that Howard’s exit has had minimal effect on the company’s desire to participate in the sector. The Brevan Howard Master Fund, led by him, stated in April that it will devote 1.5 percent of its assets to cryptocurrency, amounting to about $84 million. Howard has made a number of cryptocurrency investments, notably in EOS developer Block.one and the ICE-owned digital asset platform Bakkt.

He spearheaded a $25 million expansion raising for London-based cryptocurrency services firm Copper.co last summer, as well as a participation in Asian crypto investing platform Kikitrade. He additionally owns a 25% interest in One River Digital Asset Management, a US-based hedge fund that bought $600 million in Bitcoin (BTC) and Ether (ETH) in 2020.