- BH Digital’s Q1 return of 34.5% propelled total gains to nearly 51%, contrasting with other funds’ lackluster performance.
- Bitcoin surged 50% in Q1 2024, contributing to BH Digital’s success despite a brief drop due to US inflation.
- Brevan Howard’s traditional funds struggled, with the Master Fund down 2% and Alpha Strategies down 1.3%.
Bloomberg reported that Brevan Howard Asset Management’s cryptocurrency fund, BH Digital, has emerged as a saving grace for the firm as it returned 34.5% in Q1 2024, bringing total gains to nearly 51% since launch. This contrasts with the lackluster performance of its other funds in the current macro trading environment.
According to sources familiar with the matter, BH Digital, managing roughly $1.7 billion in assets, delivered a stellar 34.5% return in the first quarter of 2024. The impressive performance of BH Digital is attributed to the significant rise in cryptocurrency values.
Bitcoin, for example, witnessed a surge of about 50% from the end of March 2022 through Q1 2024. Its price dropped after a higher-than-expected US inflation report, briefly falling below $68,500. Buyers stepped in near $67,500, pushing the price bac…
The post 34.5% Q1 Return: Brevan Howard’s Crypto Fund Saves Day appeared first on Coin Edition.