Brevan Howard to begin investing in cryptocurrencies – source
Bloomberg
Hedge fund firm Brevan Howard will begin investing in digital assets, including bitcoin, for its clients.
The firm has set up a new fund that will start to invest in a wide range of digital assets, a person familiar with the matter said. Bloomberg reported an allocation of up to 1.5% of Brevan Howard s $5.6 billion main hedge fund, which the person said was accurate.
Brevan Howard co-founder Alan Howard in a private capacity launched digital trading technologies firm Elwood Asset Management four years ago. At the time, Brevan Howard decided cryptocurrency and digital assets-related infrastructure wasn t mature enough for institutional investment.
Asset Management Firm Brevan Howard to Invest in Crypto Market
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Brevan Howard s Main Hedge Fund to Start Buying Cryptocurrencies
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February 15, 2021 @ 11:08 am By Omar Faridi
Dapper Labs, which is the company behind highly-popular digital collectibles like NBA Top Shots and CryptoKitties, has finalized an initial tranche of bridge financing. Dapper Labs confirmed that it plans to secure as much as $50 million in capital.
Last year, Dapper Labs had acquired $13.4 million in a tranched bridge financing round from Coinbase Ventures, Distributed Global, Valor Capital Group, A.Capital, BlockTower Capital, Blockchange Ventures, EONXI Ventures, Reed Company, Greenfield One, North Island Ventures, Republic Labs, L1 Digital AG, Pirata Capital, and Samsung NEXT.
Other round participants in August 2020 included Andreessen Horowitz’s Cultural Leadership Fund, Union Square Ventures, Venrock, Accomplice, Animoca Brands, AppWorks, NBA athletes