Financial Times: Crypto funds such as Brevan Howard and Galaxy Digital have annual returns far exceeding traditional funds

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Cointime2024/12/21 11:11

By:Cointime

On December 21, according to data provider Hedge Fund Research, funds using encryption strategies had a 46% increase in November, with an annual return rate of 76%. These fund companies' returns far exceeded the industry average (10% in November). Among them, Brevan Howard Asset Management and Galaxy Digital, a cryptocurrency investment management company founded by billionaire Mike Novogratz, were the biggest winners in the recent cryptocurrency boom. Brevan Howard's encrypted fund, with assets of $35 billion, has risen 51% since 2024; Galaxy has risen 90%, with assets increasing more than doubled to $4.8 billion. As of now, Brevan Howard Asset Management and Galaxy have refused to comment on the performance of their encrypted funds.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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