The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Blockchain

Brevan Howard Is Launching a New Business Unit Focused on Crypto

by Miki 09/14/2021
by Miki 09/14/2021 0 comment

Brevan Howard, a European hedge fund asset management firm, has announced extending its reach into the cryptocurrency sector by forming a new crypto-focused division called BH Digital.

Brevan Howard, one of the world’s largest hedge fund companies and popularly known for its bets on macroeconomic trends, is now taking direct exposure with cryptocurrencies.

The development highlights the move by traditional financial management firms to gain exposure to the quickly growing market.

Brevan Howard hedge fund firm has stated that it is creating BH Digital, a new unit that will manage cryptocurrencies and digital assets.

The hedge fund company further mentioned that it has hired Colleen Sullivan, a co-founder and former CEO of the digital arm of trading firm CMT, to oversee the funds’ private and venture investments in cryptocurrency.

Last month, Sullivan stepped down as CEO of CMT Digital, the investment arm of Chicago proprietary trading company CMT Group.

CMT Digital, a specialist cryptocurrency and blockchain technology company, had invested in many large cryptocurrency companies, like crypto-friendly Silvergate bank, crypto derivative platform ErisX, crypto venture capital pioneer Polychain capital, and crypto leader BlockFi.

Hedge Fund and Cryptocurrencies 

In April, Brevan Howard announced that it was planning to invest in cryptocurrencies.

During that time, the company stated plans to allocate up to 1.5% of its main hedge fund (worth $5.6 billion during that time) to direct exposure in crypto assets, meaning that the firm would invest $84,000,000 into cryptocurrencies.

Brevan also stated that its cryptocurrency fund would have a diverse portfolio, focusing on several crypto assets besides Bitcoin (BTC) and Ether (ETH).

A survey done by PWC and Elwood Asset Management indicates 47% of traditional hedge fund firms have entered or plan to enter the cryptocurrency market. The research surveyed 39 hedge fund firms in the first quarter this year with a total of $180 billion in assets under management.

The survey also identified that the total assets under management for crypto-based hedge funds had nearly doubled from $2 billion in 2019 to almost $3.8 billion in 2020.

Evidence shows that hedge fund firms have increased their search for hiring crypto talents to help them manage their cryptocurrency investments.

Image source: brevanhoward.com

Source link

Views: 0
BrevanBusinessCryptoFocusedHowardLaunchingUnit
Share
0
FacebookTwitterPinterestEmail
previous post
NEO’s N3 mainnet release may be a success, but is that a good reason to get in
next post
Cardano Native DeFi Lending Protocol ADAlend Sells Out Seed Round in 1 Hour

Related Posts

Iran Bans Crypto Mining to Avert Major Blackouts...

12/29/2021

Italian Sports Car Maker Ferrari Inks Multi-Year Deal...

12/29/2021

ProShares Files for New Metaverse ETF With U.S....

12/28/2021

Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute...

12/28/2021

Binance Trading Platform Licenses in Bahrain, Canada

12/28/2021

Tokenized Bitcoin in Circulation Nears a Half Million...

12/28/2021

Ethereum 2.0 Full Upgrade Will Prompt a 1%...

12/28/2021

Iranian Crypto Miners get Cut Off as Country...

12/28/2021

Kraken Develops NFT Trading Platform, Offering Token-Backed Loans

12/27/2021

Crypto Review 2021 | Blockchain News

12/27/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • How profitable is it for merchants to purchase Ethereum now?

  • Ripple’s Lead Lawyer Tells How Big The SEC Battle Is And Why Coinbase Shouldn’t Be Comfortable Listing Dogecoin Over XRP ⋆ TCNW

  • Retail Investment Slips as New Bitcoin Addresses Drop

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,017.00-4.69%
  • ethereumEthereum(ETH)$1,934.75-6.64%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$316.74-5.02%
  • usd-coinUSD Coin(USDC)$1.00-0.17%
  • rippleXRP(XRP)$0.398288-6.52%
  • Binance USDBinance USD(BUSD)$1.00-0.18%
  • cardanoCardano(ADA)$0.50-8.38%
  • SolanaSolana(SOL)$48.67-9.58%
  • polkadotPolkadot(DOT)$9.78-7.76%
  • dogecoinDogecoin(DOGE)$0.081755-6.99%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,998.00-4.67%
  • Lido Staked EtherLido Staked Ether(STETH)$1,891.63-6.80%
  • tronTRON(TRX)$0.0817047.12%
  • AvalancheAvalanche(AVAX)$27.85-12.39%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-6.63%
  • daiDai(DAI)$1.000.03%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$67.99-7.53%
  • LADZLADZ(LADZ)$0.0686894.36%
  • CronosCronos(CRO)$0.182457-8.38%
  • leo-tokenLEO Token(LEO)$4.86-1.12%
  • matic-networkPolygon(MATIC)$0.62-10.41%
  • HederaHedera(HBAR)$0.389473-3.44%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.69-10.41%
  • FTX TokenFTX Token(FTT)$29.00-6.21%
  • RareRare(RARE)$0.0461220.00%
  • bitcoin-cashBitcoin Cash(BCH)$188.14-7.53%
  • moneroMonero(XMR)$190.47-2.13%