In a testament to its robust performance, BH Digital, a crypto fund under the aegis of Brevan Howard, has escalated its assets under management (AUM) by approximately 20% in the initial half of 2024, elevating its total to an impressive $2.3 billion. This revelation, reported by Financial News, underscores the fund’s exceptional trajectory, as corroborated by informed insiders.

Orchestrated by Alan Howard, a venerable British billionaire and hedge fund luminary, BH Digital has persistently eclipsed other entities within Howard’s expansive portfolio. Remarkably, the crypto fund has surpassed the performance of Brevan Howard’s flagship Master fund, which has seen a 1.5% decline year-to-date, according to the same sources.

The meteoric rise of BH Digital has prompted deliberations within Brevan Howard about augmenting its team. However, the specifics of whether this expansion will channel additional investments into the crypto division, which currently employs 60 individuals, remain nebulous.

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Since its inception in late 2021 and subsequent market entry in March 2022, BH Digital has realized a staggering 50% gain, offering institutional investors a diversified spectrum of opportunities, ranging from liquid cryptocurrencies to venture capital within the burgeoning crypto sector.

Moreover, Brevan Howard is pioneering novel ventures such as asset tokenization. In early 2024, the WebN Group, alongside Laser Digital—both supported by Alan Howard—unveiled the Web3 protocol Libre. This innovative protocol is designed to facilitate asset tokenization and smart contracts, thereby ensuring regulatory-compliant issuance and management of alternative investments.