Brevan Howard hires director of crypto investments

CMT Digital CEO and Co-Founder Colleen Sullivan will lead the cryptocurrency investment business for hedge fund Brevan Howard.

In addition to leading the company’s private and venture investments in cryptocurrencies, Sullivan will also chair the investment committee for a new strategy focused on cryptocurrency technology. He specialized in cryptocurrency trading and blockchain technology investments at the trading company CMT.

“Colleen’s outstanding track record in making highly successful cryptocurrency investments will be of tremendous benefit to Brevan Howard’s clients and underscores the company’s commitment to rapidly expanding its platform and offerings in cryptocurrencies and digital assets.” Aron Landy, Brevan CEO, Aron Landy She said.

Additionally, Brevan Howard Announced the establishment of BH Digital, a new unit for the specific management of cryptocurrencies and digital assets. With the creation of BH Digital, the London-based firm said it wanted to expand its reach in the cryptocurrency market.

Brevan Howard and cryptocurrencies

new unit replaces the modified approach that Brevan Howard is taking towards cryptocurrencies this year. For example, earlier this year, the company announced that it would start by investing up to 1.5% of its leading hedge fund of $ 5.6 billion in digital assets. announcement added that the fund will focus on a wide range of digital assets in addition to bitcoin.

Despite being the company’s first major foray into cryptocurrency investing, Brevan Howard has been preparing to do so for some time. In recent years, the hedge fund has been developing its digital trading technologies. He was also assessing the suitability of the sector for investors. However, late last year, the company felt the industry was mature enough to start investing.

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Hedge fund co-founder Alan Howard is a well-known cryptocurrency enthusiast, who has personally invested in Bitcoin. firm also recently acquired a 25% stake in One River Asset Management, a $ 2.5 billion company with crypto funds backed by Howard.

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