Brevan Howard Expands into Digital Assets with Dragonfly Capital Acquisition

Brevan Howard's Strategic Move into Digital Assets

Brevan Howard Asset Management, a renowned European hedge fund, is making a significant advancement into the digital asset sector. This move comes with its acquisition of the Liquid Opportunities fund, initially managed by Dragonfly Capital. The fund will now operate under Brevan Howard's crypto and digital assets division, known as Brevan Howard Digital.

The Liquid Opportunities Fund

The Liquid Opportunities fund, founded in June 2021, specializes in crypto and digital assets. It was previously managed by a team including Kevin Hu, who served as the Chief Investment Officer. The fund has a reputation for its long-short trading strategy, aligning well with Brevan Howard Digital's active trading approach. This strategy is crucial for leveraging the volatile nature of the crypto market.

Dragonfly Capital's Influence

Dragonfly Capital is a significant player in the crypto investment arena, boasting a diverse portfolio that includes major names like Amber Group, ByBit, and MakerDAO. The decision to transition the Liquid Opportunities fund to Brevan Howard was made after thorough discussions, indicating a strategic alignment and long-term vision for the fund's growth.

Brevan Howard Digital's Role

Established in September 2021, Brevan Howard Digital aims to provide institutional clients with access to the crypto market. It offers a multi-manager, multi-strategy approach, ensuring diversified exposure across both private and public markets. This acquisition underscores Brevan Howard's commitment to expanding its presence in the digital asset ecosystem.

Brevan Howard's acquisition of Dragonfly Capital's fund highlights its dedication to enhancing its crypto investment capabilities, reflecting a broader trend of traditional financial institutions embracing digital assets.