Billionaire Alan Howard is betting on cryptocurrency

Someone close to British billionaire and the hedge Fund Manager Alan Howard (Alan Howard), who wished to remain anonymous, said that Howard last year was made in critobulus a pretty impressive investment and plans to expand them.

Co-founder of Brevan Howard Asset Management – the asset management companies, hedge funds 9.1 billion dollars, as well as some of its partners, has invested in cryptocurrency exclusively own assets. The company representatives refused to comment on these transactions.

Howard has already hired the employee, which will help him to manage a significant investment in the cryptocurrency and further plans to expand staff in order to continue to invest in private startups and ICO.

2017 was the worst year in the history of the company Brevan Howard Asset Management, founded in 2003. Previous year’s flagship hedge Fund suffered losses in the amount of 5.4% of their funds. This situation is not unique in the existing economic trends in the developed markets – the lack of volatility prevents hedge funds to make money.

From cryptocurrency assets appears more and more supporters among the large financiers. For example, billionaire investor Mike Novogratz launches cryptocurrency trade Bank, as co-founder of PayPal, Peter Thiel (Peter Thiel) earned on investments in bitcoin hundreds of millions of dollars, creating a venture Fund of the Founders.

However, the 54-year-old Howard’s interest in cryptocurrency goes against the General opinion of such legendary investors like Jim Rogers (Jim Rogers), George Soros (George Soros), Warren Buffett (Warren Buffett) or Jack Bogle (Jack Bogle). Mike Novogratz once said: «these guys are over 60 it is difficult to understand that we are in the digital world».

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