• Brevan Howard Asset Administration has taken over a digital asset fund run by Dragonfly Capital.
• The takeover alerts Brevan Howard’s push into the digital asset house.
• The brand new crypto fund will function beneath Brevan Howard’s crypto and digital belongings division.

European hedge fund Brevan Howard Asset Administration is pushing additional into the digital asset house with its takeover of the Liquid Alternatives fund. Liquid Alternatives is a crypto and digital asset fund operated by main crypto funding fund Dragonfly Capital.

Based on a report by Bloomberg, Brevan Howard has entered into an settlement with Dragonfly Capital to imagine management of its long-short crypto fund. $30 billion robust European hedge fund will function the Liquid Alternatives fund beneath its crypto and digital belongings division, Brevan Howard Digital.

Dragonfly Capital is a outstanding title within the crypto funding house. Its portfolio consists of heavyweights like Amber Group, ByBit, Matrixport, Aptos, and MakerDAO amongst dozens of different initiatives. The crypto fund in query was based in June 2021 and is at the moment managed by Kevin Hu, Ashwin Ramachandran, and Lawrence Diao.

Kevin Hu serves because the Liquid Alternatives fund’s Chief Funding Officer. Individuals acquainted with the matter revealed that the fund’s long-short buying and selling technique is in keeping with Brevan Howard Digital’s energetic buying and selling method.

Dragonfly Capital said in an inner doc that, “After intensive discussions, we determined that Brevan Howard, one of many largest hedge funds on the earth, was the best long-term dwelling for Kevin and his staff.”

Brevan Howard Digital was arrange in September 2021 and is at the moment headed by Aron Landy. The fund caters to institutional shoppers in search of publicity to the crypto market by means of conventional channels. “We provide unconstrained, alpha-centric, and diversified publicity to the big selection of funding alternatives out there throughout the digital asset ecosystem by way of a multi-manager, multi-strategy method throughout each personal and public markets,” the agency’s official web site reads.