{"id":9786,"date":"2021-09-13T12:03:37","date_gmt":"2021-09-13T11:03:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9786"},"modified":"2021-09-13T12:03:46","modified_gmt":"2021-09-13T11:03:46","slug":"uk-hedge-fund-brevan-howard-launches-crypto-division","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/uk-hedge-fund-brevan-howard-launches-crypto-division\/","title":{"rendered":"UK hedge fund Brevan Howard launches crypto division"},"content":{"rendered":"\n
Brevan Howard has also engaged Colleen Sullivan, the former CEO of CMT Digital, to oversee private and venture capital investments in cryptocurrency<\/a>.<\/h5>\n\n\n\n
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The hedge fund Brevan Howard\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which is based in the United Kingdom, intends to “significantly expand” its bitcoin and digital asset portfolio, according to a recent report from Reuters.<\/p>\n\n\n\n

Founder and long-time crypto<\/a> supporter Alan Howard stepped down from his position as CEO of Brevan in 2019. <\/p>\n\n\n\n

Since then, Chief Executive Aron Landy has stated that the company is “commitment to rapidly expanding its platform and offerings in cryptocurrencies and digital assets.”<\/p>\n\n\n\n

For the time being, Brevan's crypto strategy consists of two components. The company is launching a new business division, “BH Digital,” to manage its crypto and digital assets. <\/p>\n\n\n\n

It has also hired CMT Digital Chief Executive Colleen Sullivan to oversee private and venture capital investments in the cryptocurrency industry.<\/p>\n\n\n\n

Since late 2013, Sullivan has served as the CEO of CMT Digital, a CMT Group branch that specialises on cryptocurrency trading, blockchain<\/a> investments, and legal\/policy engagement in the industry. <\/p>\n\n\n\n

She would serve as the chair of an investment committee at Brevan, which would be tasked with developing a new strategy centred on cryptocurrency technology. <\/p>\n\n\n\n

Her “exceptional track record in making highly successful crypto venture investments,” according to Landy, will be “will be of tremendous benefit to Brevan Howard clients.”<\/p>\n\n\n\n

As seen by Brevan's crypto strategy under Landy, Howard's exit appears to have had minimal effect on the firm's desire for investing in the industry. <\/p>\n\n\n\n

Under his direction, the Brevan Howard Master Fund stated that it would deploy 1.5 percent of its assets to cryptocurrency in April, amounting to approximately $84 million.<\/p>\n\n\n\n

For his part, Howard has made a number of cryptocurrency investments, including in EOS developer Block.one and ICE-owned digital assets platform Bakkt. <\/p>\n\n\n\n

His recent activities include leading a $25 million expansion raise for London-based cryptocurrency services startup Copper.co, as well as investing in the Asian crypto trading platform Kikitrade. <\/p>\n\n\n\n

He also holds a 25 percent ownership in One River Digital Asset Management, a hedge fund based in the United States that purchased Bitcoin<\/a> and Ether<\/a> worth $600 million in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brevan Howard has also engaged Colleen Sullivan, the former CEO of CMT Digital, to oversee private and venture capital investments in cryptocurrency. The hedge fund Brevan Howard , which is based in the United Kingdom, intends to “significantly expand” its bitcoin and digital asset portfolio, according to a recent report from Reuters. Founder and long-time […]<\/p>\n","protected":false},"author":13,"featured_media":9787,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,148,1057,943],"class_list":["post-9786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-ether","tag-hedge-fund","tag-uk"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-127.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9786"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9787"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}