• Brevan Howard, a traditional finance giant, has hired Dragonfly Capital veteran Kevin Hu as its Digital Portfolio Manager.
• Hu will be based in Brevan Howard’s Abu Dhabi office, and will report to BH Digital CEO Gautam Sharma.
• The firm is raising at least $1 billion for a record-breaking crypto hedge fund, and has made it through the market volatility with only a 5% loss.
Brevan Howard, a traditional finance giant with $25 billion in assets under management, has added to its digital assets arm with the hire of a new portfolio manager, Kevin Hu. Hu, a veteran of Dragonfly Capital, will be based in Brevan Howard’s Abu Dhabi office and will report to BH Digital CEO Gautam Sharma.
Hu joined Dragonfly Capital in 2019, serving as General Partner and Head of Liquid Strategy. Prior to that, he spent three years as an associate at BlackRock’s Alternative Investment Group. He brings a wealth of experience in cryptocurrency and blockchain-related investments to Brevan Howard.
The firm is also looking to capitalize on the recent boom in digital assets, notably cryptocurrency and blockchain. Last summer, Brevan Howard announced it was raising at least $1 billion for a record-breaking crypto hedge fund. This strategy has since come to fruition, as evidenced by filings with the U.S. Securities and Exchange Commission (SEC).
Despite the market volatility of late, Brevan Howard’s crypto hedge fund has seen only a 5% loss. This success has been attributed to the firm’s diverse approach to digital asset investing, which includes a combination of algorithmic and quantitative strategies.
With the addition of Hu, Brevan Howard continues to show its commitment to the digital asset space. The firm’s Digital Assets team is now well-equipped to navigate the ever-changing landscape of cryptocurrency and blockchain investment, and is likely to continue to be a leader in the world of institutional investment.