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Hedge funder Howard undeterred by crypto market turmoil

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British hedge fund manager Alan Howard, who has personally invested in about 40 cryptocurrency companies so far, including FTX and Polygon, is still investing the space despite the current market turmoil, according to a report by Blockworks.

In mid-June, and after the collapse of terra, Brevan Howard founder Howard (58) invested in a $10.3 million pre-seed round for crypto brand studio ScienceMagic.Studios. He also took part in an $11 million seed round for ‘play-to-earn’ metaverse startup Atmos Labs’ $11 million seed round, which closed around the same time as major crypto lenders were causing contagion across the market.

Data from Cruchbase reveals that the roll-call of crypto projects to have caught Howard’s eye – and attracted his cash – includes exchanges FTX and Bitpanda, Polygon, Ledn and Block.one, with the billionaire having made his form foray into the space back in 2016 with an investment in online broker next markets.

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