The partners in the hedge fund which Howard co-founded, Brevan Howard Asset Management, have also made similar investments. The information is private and undisclosed. Contrary to popular belief, these investments are separate from the $9.1 billion hedge fund firm, and Brevan Howard does not trade cryptocurrencies, said the people at the firm.
When pressed to release the information about how Howard operates and what are his trading methods, the Spokesmen declined to comment.
QuickTake: All About Bitcoin and Blockchain
Contrary to many respected finance luminaries like Jamie Dimon to Warren Buffett, Howard holds a lot of interest in cryptocurrencies. The topsy-turvy ride of the prices of Bitcoin over the past six months has thrust the risks of investing in one of the wildest and least-regulated corners of finance into the spotlight.
Some of the biggies who are cryptocurrency enthusiasts include former macro fund manager Mike Novogratz and billionaire investors Mark Cuban and Peter Thiel.
When Bitcoin, the best-known cryptocurrency, gained an eye-popping 1,400 percent and Bitcoin futures began trading on regulated exchanges, these billionaire investors got its attention. However, it’s explosive growth, and subsequent 42 percent decline since the start of 2018, helped prompt scrutiny from regulators around the globe.
