According to the latest reports, Brevan Howard is getting ready to start investing its resources to invest and acquire cryptocurrencies. Brevan Howard currently has $13.7 billion worth of assets under management, making it one of the largest hedge funds in Europe.
This is not the first time Brevan Howard has gotten into cryptocurrency-related investment. Prior to the firm’s recent consideration, the hedge fund had already made a huge investment in one of the cryptocurrency funds.
It was reported that Brevan Howard had made an investment and acquired One River Asset Management’s 25% stake. One River Asset Management is one of the most prominent funds known for operation several funds for cryptocurrencies.
The information around Brevan Howard going for one of the insides has shared investments in cryptocurrencies sources, very well familiar with the activities of the firm.
The source has revealed that once the firm starts going through the acquisition phase of cryptocurrencies, it will involve prominent personalities from the crypto-industry to provide guidance for all investments made in cryptocurrencies.
The source has confirmed that the persons responsible for overseeing the acquisition process include Tucker Waterman and Johnny Steindorff. Both personalities are best known for being the co-founders of Distributed Global.
Distributed Global was founded back in 2017 and is best known for being an asset management firm. Despite managing several assets, Distributed Global focuses the majority of its products and resources on the management of digital assets.
On the other hand, Brevan Howard was founded back in 2002 and has gained a lot of popularity and prominence in the hedge fund investment sector. While the groups of investors on the platform are diverse, the majority of the investors using Brevan Howard are institutional investors.
The firm does not provide services in a particular area or a region, but it provides them all over the world. The firm also provides services to entities such as endowments, foundations, public and corporate pension plans, and sovereign wealth funds.
As of now, Breva Howard has its offices spread all over the world. Some of its major offices are in areas such as Singapore, Washington, Hong Kong, Jersey, Geneva, New York, and London.
Similar to the rest of major investment and hedge funds firms, Breva Howard has also recognized the potential of cryptocurrencies. As per the firm, cryptocurrencies have managed to prove their worth and reputation to the entire world.
With the passage of time, cryptocurrencies have gained enough mainstream adoption; the traditional or real-world financial firms can no longer ignore it.
With time, the investors are growing more interested in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), and much more than any other financial alternatives.
Therefore, it would put any firm at a disadvantage that does not adopt the technology when it is easy to adopt.