Brevan Howard’s Crypto Fund Rises 35% as Macro Trading Dips
- BH Digital’s first quarter jump adds to its 2023 gains
- Hedge fund’s flagship Master fund fell around 2% this year
The office building for Brevan Howard Asset Management in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Brevan Howard Asset Management’s cryptocurrency fund is currently a bright spot for the hedge fund firm, which lost money on macro trades this year.
BH Digital, which manages around $1.7 billion of assets, returned 34.5% in the first quarter of this year, according to people familiar with the matter. That brings total gains since the fund started trading in March 2022 to nearly 51%, one of the people said.