People familiar with the matter: Brevan Howard crypto fund is down about 5% this year, and the $1 billion previously raised has not yet been deployed

Asset manager Brevan Howard’s crypto fund is down about 5% this year and has yet to deploy the $1 billion it raised earlier this year, Bloomberg reported citing sources. By comparison, the average cryptocurrency hedge fund tracked by Bloomberg is down 43%, and bitcoin is down about 60% over the same period. Foresight News previously reported that people familiar with the matter said in August that the cryptocurrency hedge fund launched by Brevan Howard had raised more than $1 billion.