One of the Largest Macro Hedge Funds Quietly Invests in Bitcoin
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Dec. 16, 2020
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Brevan Howard, one of the largest macro hedge funds in the world, has indirectly invested in cryptocurrencies through One River Asset Management.

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In an interview with Bloomberg, Eric Peters, One River Asset Management CEO, said that he founded a new company focused on cryptocurrencies. One River Digital Asset Management plans to increase its holdings in BTC (EXANTE: Bitcoin) and ETH to approximately $1 billion in 2021.

"There is going to be a generational allocation to this new asset class. The flows have only just begun," Peters highlighted.

Besides investing in One River Digital’s funds, Brevan Howard's CEO, Alan Howard, also controls Elwood Asset Management, a firm that provides One River Digital with trading services.

One River Asset Management is a hedge fund company based in Greenwich. It operates four private funds and has over $3.6 billion in total assets under management. As iHodl reported earlier in December, Massachusetts Mutual Life Insurance Co., one of the largest US corporations by total revenue, invested $100 million in bitcoin (EXANTE: Bitcoin) for its general investment account.

Bitcoin Exceeds $20,500 for the First Time in its History

The insurance giant says the investment was based on a big strategy to "take advantage of new opportunities" with diversified portfolio.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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