By Gregory Zuckerman | Wall Street Journal
Some of the biggest names in the hedge-fund world are betting on crypto.
Firms founded by veterans including Alan Howard, co-founder of Brevan Howard Asset Management LLP, and Paul Tudor Jones, the billionaire who runs Tudor Investment Corp., are expanding their crypto trading, according to people familiar with the situation.
Brevan Howard launched a cryptocurrency hedge fund in January that will begin accepting outside investors. The fund is making bets on the direction of bitcoin, ether and other cryptocurrency prices, while also searching for arbitrage between currencies and investing in blockchain technology. Brevan Howard has a new crypto division, BH Digital, created in September, which manages over $250 million and has 12 portfolio managers. Mr. Howard has also invested in crypto, blockchain and digital-token businesses.
