Billionaire head of Brevan Howard hedge fund, Alan Howard, is launching a crypto portfolio platform that aims to make stable investments in a notoriously volatile market.
The fund was founded in 2017 by former BlackRock and REW AG employees.
Despite the bear market in cryptocurrencies, crypto hedge funds are expected to comprise 20% of all hedge fund launches this year, research indicates.
Nearly half of all initial coin offerings (ICOs) in 2017 and 2018 failed to raise any funds, according to a new report.