Brevan Howard launches Digital assets division led by former CEO of CMT Digital

Brevan Howard is a Hedge fund manager based in the UK. Founded in 2002, Brevan Howard is best known for its bets on macroeconomic trends and market volatility. Described as one of the largest macro hedge fund firms in the world. The firm has six offices around the world and manages over $10 billion of AUM. According to a Reuters report yesterday (13), British hedge fund Brevan Howard said it is expanding its cryptocurrency business, becoming one of the most high-profile hedge fund firms to enter the cryptocurrency sector. The company said it plans to launch a new unit, BH Digital, to manage cryptocurrencies and Digital assets. The company also hired Colleen Sullivan, former chief executive of CMT's digital division, to lead private and venture capital investments in cryptography. Since late 2013, Sullivan has led the company's Digital division, CMT Digital, focusing on cryptocurrency transactions, blockchain investments, and industry legal and policy engagement. Brevan has been led by CEO AronLandy since the company's co-founder and longtime cryptocurrency proponent Alan Howard stepped down in 2019. Under Landy's leadership, Brevan Howard's Master Fund may have allocated 1.5 percent, or about $84 million, to cryptocurrencies in April, according to Bloomberg. And the company's co-founder Howard has not been idle. Howard has also made a number of cryptocurrency ventures, including EOS developer and digital asset platform Bakkt. This summer, in addition to leading a series B expansion round of about $25 million for London-based crypto services company Copcopper.Co,

also invested in Asian cryptocurrency investment platform Kikitrade.