Brevan Howard acquires long-short crypto fund

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Brevan Howard Asset Management is continuing its push into the digital assets space with the acquisition of a long-short hedge fund run by crypto investment firm Dragonfly Capital, according to a report by Bloomberg.

The report cites unnamed sources as confirming that the Jersey-based firm, which has around £30 billion assets under management, is to take over the Liquid Opportunities fund, one of Dragonfly's actively-managed funds, which was founded in June 2021 and managed by Kevin Hu, Ashwin Ramachandran and Lawrence Diao. 

The fund will now operate as part of Brevan Howard's crypto and digital assets division, Brevan Howard Digital (BH Digital). 

According to Hu's LinkedIn profile, he currently holds the position of chief investment officer at Nova Digital, a Brevan Howard fund, having joined the firm in January. 

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