Brevan Howard’s Crypto Fund Experiences Significant Losses
- The BH Digital Asset fund fell by 29.5% in the last year, marking its worst performance since inception in 2021.
- In comparison, Bitcoin lost only 6% during the same period.
- The fund primarily invests in crypto tokens and digital asset-related companies.
- In subsequent years, the fund saw gains of 43% and 52% in 2023 and 2024, respectively.
- By December 2024, Bitcoin’s price exceeded $100,000.
Brevan Howard’s fund faced challenges amid a turbulent crypto market, particularly as many investments resembled private equity or venture capital instruments. The significant loss of nearly one-third underscores the volatility of cryptocurrency investments.
Despite last year’s downturn, the fund rebounded with substantial growth in subsequent years, reflecting a recovery trend in the broader crypto market after a difficult period.(Source)
