Brevan Howard saw mixed results from its hedge funds last year with the firm's digital currency fund surging to a 40%-plus gain while its flagship fund ended the year in negative territory, according to a report by Bloomberg.

The report cites an unnamed sources with knowledge of the matter as revealing that the while BH Digital Multi-Strategy Fund gained 44%, the firm's $13bn flagship Master Fund lost 2.1%. The firm's Alpha Strategies Fund meanwhile, which also manages $13bn, saw a gain of 2.4%.

Like other macro traders, Brevan Howard was hit by the collapse of Silicon Valley Bank in March last year with the firm's Master fund losing 4.2% over the month and Alpha Strategies falling 1.9%.

BH Digital meanwhile, is now up 12% since launching in March 2022.