Billionaire plans to launch crypto hedge fund – will manage $1 billion

Aug 31, 2019

Billionaire Alan Howard is the head of hedge fund Brevan Howard. Now he will launch a crypto hedge fund in the form of a platform to make investments in the crypto industry, Cointelegraph writes, citing an article in the Financial Times.

The idea is that the hedge fund, which will primarily be used by institutional clients, should make investments in other crypto hedge funds.

In total, the fund will manage $1 billion in investments, Cointelegraph writes, citing an article in the Financial Times.

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