Hedge fund manager Brevan Howard continues to grow his cryptocurrency business, hiring Jump Capital partner Peter Johnson as portfolio manager and former Gemini Trust chief security officer Cem Paya, according to a report by Bloomberg.
- Brevan Howard is gearing up for direct crypto investments and forming a crypto-focused division called BH Digital.
- A spokesman confirmed the hires but was unable to provide additional information.
- In September, the company announced that Colleen Sullivan, co-founder and former CEO of CMT Digital, will lead its cryptocurrency investments.
- The new crypto firm has more than 30 employees and 12 portfolio managers so far, Bloomberg reported, citing a person familiar with the matter.
- In April, it was reported that the European hedge fund planned to allocate up to 1,5% of its main fund (worth $5600 billion at the time) to direct cryptocurrency exposure.
Read More: Brevan Howard Appoints Former CMT Digital CEO Colleen Sullivan as Chief Crypto Investment Officer