UK-based asset management company Brevan Howard has revealed details of its $1-billion crypto hedge fund that has been in the news lately.
$1 Billion Crypto Fund
In a statutory filing with US Securities and Exchange Commission (SEC), Braven Howard, a global asset manager with $25 billion in assets under management (AUM), provided details of two sub-entities that together raised over $210 million towards its planned $1 billion crypto hedge fund.
Digital Asset Multi-Strategy Fund Ltd has raised $184.15 million from four investors, and the minimum acceptable investment was $10 million. Brevan Howard Digital Asset Multi-Strategy Fund LP gathered $29.71 million from six investors, the company said in its SEC filing dated September 6, 2022.
In August, media reports suggested that Braven Howard’s digital and cryptocurrency investment arm – BH Digital – had raised $1 billion for investment in cryptocurrencies and digital assets.
It’s believed that Breven Howard has created several...
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