Capital markets News

Brevan Howard acquires digital asset fund from Dragonfly

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In January, Brevan Howard Digital, the asset manager’s digital asset arm, announced that Kevin Hu was joining from Dragonfly Capital. Now Brevan Howard Digital has acquired Dragonfly’s long-short hedge fund, the Liquid Opportunities fund, according to Bloomberg, although the news has not been confirmed.

Hu managed the hedge fund along with Ashwin Ramachandran and Lawrence Diao. Ramachandran’s Linkedin profile confirms he left Dragonfly this month, and Diao’s account says he’s still with Dragonfly.

Kevin Hu is chief investment officer at Nova Digital, a Brevan Howard fund and is based in its new office in Abu Dhabi. Brevan Howard Digital now has a team of more than 60.

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