Brevan Howard's Crypto Fund Plunges 30% in Worst Annual Performance Since Launch

The Brevan Howard Digital fund, a major cryptocurrency investment vehicle from the hedge fund giant, has reportedly suffered significant losses. According to a Financial Times report, the fund is on track for a roughly 30% decline in 2024, marking its most challenging year since inception. This performance starkly contrasts with the broader crypto market surge, where Bitcoin (BTC) and Ethereum (ETH) have seen substantial gains. The fund's struggles are attributed to unsuccessful trading strategies and adverse market moves during the recent crypto volatility. This news highlights the persistent risks and high-stakes nature of institutional crypto investing, even for established players like Brevan Howard.