Financial Times: Annual returns from crypto funds such as Brevan Howard and Galaxy Digital far exceed traditional funds
2024-12-21 10:39:48
On December 21st, according to the Financial Times, according to data provider Hedge Fund Research, funds that adopted crypto strategies rose by 46% in November, with an annual return of 76%. The returns of these fund companies far exceeded the industry average (10% in November). Among them, Brevan Howard Asset Management and billionaire Mike Novogratz founded the cryptocurrency investment management company Galaxy Digital is the biggest winner in the recent crypto boom. Brevan Howard's crypto fund with $35 billion in assets has risen by 51% so far in 2024; Galaxy has risen by 90%, and the assets have more than doubled to $4.80 billion. So far, Brevan Howard Asset Management and Galaxy have refused to comment on the earnings performance of their crypto funds.
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