Financial Times: Crypto funds such as Brevan Howard and Galaxy Digital have annual returns that far exceed those of traditional funds

PANews reported on December 21 that according to the Financial Times, the strong rebound in Bitcoin driven by Trump’s victory has allowed some cryptocurrency hedge funds to “make a fortune,” according to data disclosed by data provider Hedge Fund Research. , funds using crypto strategies rose 46% in November, with annual returns reaching 76%. The returns of these fund companies 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, are the biggest winners in the recent crypto boom. Brevan Howard’s crypto fund, with $35 billion in assets, has risen 51% so far in 2024; Galaxy It rose 90%, and assets more than doubled to $4.8 billion. However, Brevan Howard Asset Management and Galaxy have so far declined to comment on the performance of their crypto funds.