Brevan Howard Continues Digital-Asset Push With Crypto Fund Takeover
- Crypto asset manager Dragonfly Capital spinning off fund
- Fund will operate under Brevan Howard’s digital asset division
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Brevan Howard Asset Management is taking over a long-short hedge fund run by Dragonfly Capital, a crypto investment firm, in the latest sign of its push into digital assets.
The Jersey, Channel Islands-based firm that has some $30 billion in assets under management has entered into an agreement to assume an actively-managed Dragonfly fund, according to people familiar with the matter who asked not be named because they weren’t authorized to share information about the transaction.