Brevan Howard – a hedge fund located in the UK – is reportedly looking to majorly widen its scope for cryptocurrency and digital assets, as revealed by Reuters. 

Specifically, Chief Executive Aron Landy – who has been running Brevan since the departure of its co-founder and long-time crypto supporter Alan Howard two years ago – reportedly revealed that the company is committed to carry out the expansion of its platform and services, in terms of cryptocurrencies and digital assets.” 

Brevan is reportedly looking to apply a two-pronged strategy when approaching crypto and digital assets. The entity is introducing a new business division dubbed “BH Digital”, in an effort to supervise its crypto and digital assets. The company additionally onboarded CMT Digital Chief Executive Colleen Sullivan to take charge of private and venture investments in crypto.

Sullivan has been at the helm of CMT Digital – a branch of CMT Group that deals primarily with crypto trading, blockchain investments, and legal/policy engagement across the sector – since 2013. 

During the time at Brevan, she will be leading an investment committee, devoted to coming up with a new strategy, revolving around crypto. Landy has shared the endorsement for Sullivan’s “exceptional track record in making highly successful crypto venture investments”, believing that she will offer significant advantage to Brevan Howard customers. 

The crypto strategy that Landy has been employing at Brevan reportedly indicated that Howard’s leaving has caused no severe impact on the company’s attitude towards making investments throughout the crypto sphere. 

Under his leadership, the Brevan Howard Master Fund reportedly disclosed details regarding the allocation of 1.5% to crypto this April, approximately $84 million.