Brevan Howard Asset Management’s digital currency fund surged last year, while two of its largest hedge funds posted mixed results in a tough trading market for macro money pools.
The $13 billion flagship Master Fund lost 2.1% while Alpha Strategies, which also oversees $13 billion, gained 2.4%, according to a person with knowledge of the matter. The BH Digital Multi-Strategy Fund gained 44%, the person said, asking not to be identified because the details are private.