{"id":227799,"date":"2021-04-15T21:35:00","date_gmt":"2021-04-15T18:35:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uk-hedge-fund-reportedly-plans-to-invest-84m-in-crypto\/"},"modified":"2021-04-15T21:35:00","modified_gmt":"2021-04-15T18:35:00","slug":"uk-hedge-fund-reportedly-plans-to-invest-84m-in-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uk-hedge-fund-reportedly-plans-to-invest-84m-in-crypto\/","title":{"rendered":"# UK hedge fund reportedly plans to invest $84M in crypto"},"content":{"rendered":"<p>&#8220;<strong># UK hedge fund reportedly plans to invest $84M in crypto  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvODczNDEyYjUtNTBjMi00YjMyLWJkNTQtNjA5MDY2NTMwNDY5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Brevan Howard, a U.K.-based asset management firm, is reportedly planning to directly invest in digital assets after more than a year of exposure to the crypto space.<\/p>\n<p>According to a Bloomberg report, Brevan Howard Asset Management will be <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-15\/brevan-howard-s-main-hedge-fund-to-start-buying-cryptocurrencies\">allocating<\/a> 1.5% of the $5.6 billion in its main hedge fund to crypto \u2014 roughly $84 million. A source with knowledge of the matter said two co-founders of crypto investment firm Distributed Global, Johnny Steindorff and Tucker Waterman, would be leading Brevan Howard\u2019s foray into crypto.<\/p>\n<p>The asset management firm will reportedly be focusing on \u201ca wide range\u201d of cryptocurrencies in addition to Bitcoin (BTC), betting that the price of the crypto asset will continue to rise. At the time of publication, the BTC price is $62,775, having fallen 1.3% in the last 24 hours. <\/p>\n<p>The potential investment from a major hedge fund wouldn\u2019t be the first time Brevan Howard has had exposure to the crypto market. The firm\u2019s billionaire co-founder Alan Howard has a\u00a025% stake\u00a0with One River Digital Asset Management, a U.S.-based hedge fund that purchased $600 million worth of BTC and Ether (ETH) last year. <\/p>\n<p>Part of a seemingly growing trend from hedge funds, Brevan Howard is not alone in dipping its toes into crypto markets. In February, New York-based global investment firm M31 Capital filed paperwork with the U.S. Securities and Exchange Commission to launch a Bitcoin hedge fund. Billionaire hedge fund manager and philanthropist Ray Dalio has also called Bitcoin \u201cone hell of an invention\u201d and compared it to gold.<\/p>\n<p><em>Cointelegraph reached out to Brevan Howard, but did not receive a response at the time of publication.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/uk-hedge-fund-reportedly-plans-to-invest-84m-in-crypto\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# UK hedge fund reportedly plans to invest $84M in crypto &#8221; Brevan Howard, a U.K.-based asset management firm, is reportedly planning to directly invest in digital assets after more than a year of exposure to the crypto space. According to a Bloomberg report, Brevan Howard Asset Management will be allocating 1.5% of the $5.6&#8230;<\/p>\n","protected":false},"author":1,"featured_media":227800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvODczNDEyYjUtNTBjMi00YjMyLWJkNTQtNjA5MDY2NTMwNDY5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[86524,74355,117,73711,4966],"class_list":["post-227799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-asset-management","tag-adoption","tag-business","tag-investments","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/227799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=227799"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/227799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/227800"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=227799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=227799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=227799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}