Hedge Fund Company Brevan Howard Invests In Cryptocurrencies

The latest company to invest in cryptocurrencies is Brevan Howard, a European hedge fund management company. 

Sources states the hedge fund firm will allocate 1.5% of its main hedge fund estimated at $84 Million to buy several cryptocurrencies.

Facilitating the initial allocation are Jonny Steindorff and Tucker Waterman, co-founders of crypto investment firm Distributed Global.

The decision to invest in cryptocurrencies may have been influenced by its co-founder Alan Howard, who has several cryptocurrencies investments.

Brevan Howard manages assets for institutional investors around the globe including sovereign wealth funds, corporate and public pension plans, foundations and endowments.

#SmartCrypto