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Seeking Alpha 2021-09-13 13:03:56

Brevan Howard forms new digital asset unit to meet growing crypto demand - FT

European hedge fund Brevan Howard launches BH Digital, a new investment arm with a sole focus on digital assets, as part of its effort to "significantly expand" into the industry, the Financial Times reports. The expansion into cryptocurrency comes at a time when other hedge funds like Marshall Wace and Renaissance Capital have made similar forays into the sector, the FT noted. One of the largest European hedge funds has appointed Colleen Sullivan, chief executive and co-founder of specialist crypto and blockchain tech firm CMT Digital, to run the new unit. She'll be in charge of turning BH Digital into a major player for servicing professional investors in digital assets and crypto trading and leading the fund's private and venture investment activities in crypto. She'll also chair the investment committee for a new vehicle that will focus on disruptive tech. Sullivan's hire "underscores the firm's commitment to rapidly expanding its platform and

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