The new digital assets hedge fund launched by Brevan Howard Asset Management has come through this year’s cryptocurrency crash relatively unscathed, according to a report by Bloomberg, restricting losses to single figures.
The report cites unnamed sources as revealing the the BH Digital Multi-Strategy Fund is down about 5% YTD, although it is yet to deploy all of the $1 billion it raised for investments.
Cryptocurrency hedge funds tracked by Bloomberg, meanwhile, slumped 43% on average as bitcoin’s roughly-60% decline and the recent collapse of crypto exchange FTX caused turmoil in the digital assets space.
Losses in single figures
