Share this article
Billionaire Investor Eyes $1 Billion Crypto Hedge Fund
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.
By Daniel Kuhn
Updated Sep 13, 2021, 11:24 a.m. Published Aug 30, 2019, 10:00 p.m.
The 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 platform is geared towards institutional clients and will make strategic investments in other crypto hedge funds, becoming a kind of fund of funds, according to a Financial Times report on August 30.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The fund is projected to manage as much as $1 billion in investments. This venture comes amid a tempered bull run lead by bitcoin’s surge in price. According to data firm Hedge Fund Research, crypto-focused investment pools are up nearly 60 percent over the first two quarters this year.
Elwood Asset Management, the firm that manages Howard’s personal digital assets, will oversee the launch, construction and direction of the new fund. The aim is to find firms that satisfy Elwood’s due diligence in order to avoid so-called blow ups.
“Losing traditional assets in the real world is hard. In the digital world, it’s very easy to lose assets — put in the wrong address for a bitcoin transfer and it’s gone forever,” said Bin Ren, CEO, blockchain funds specialist at Elwood.
Ideally, Howard’s venture will identify enough firms to invest in to offer their own clients portfolio options that satisfy their risk profiles, liquidity needs and diversity requirements.
Details are forthcoming, but Elwood may design bespoke portfolios for each investor. For the service, Elwood will charge an undisclosed management fee, in addition to a fee to access the underlying funds.
Previously, Elwood and investment management company Invesco co-launched an exchange-traded fund (ETF) with stakes in companies developing blockchain technology.
In an interview with Bloomberg in March, Ren said: “The only way for institutions to get meaningful exposure to digital assets has been to buy Bitcoin, but many are reluctant or unable to buy Bitcoin -- and for good reason.”
Howard has invested in cryptocurrencies since 2017, including an early investment in Block.one, the corporate parent of EOS. He is not involved in the day to day operations at Elwood.
Business miniature via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Famed Coinbase backer Fred Wilson predicts 2026 UX pivot for crypto
The VC mogul has previously said crypto apps must hide blockchain complexity or risk missing mass-market adoption.
What to know:
- Fred Wilson predicts crypto will become more user-friendly in 2026.
- Wilson, who was an early investor in Coinbase, wrote his first post about bitcoin in 2011, calling it an "interesting investment opportunity."
Top Stories
