Brevan Howard's crypto fund stumbles
According to the Financial Times, in 2025 the BH Digital Asset cryptocurrency fund managed by the renowned investment firm Brevan Howard posted dismal results - a 30% decline in value. This became the worst year in the history of this fund since its launch.
For comparison, bitcoin fell in price by only 6% in 2025, indicating that BH Digital Asset significantly underperformed the major cryptocurrency. Such a failure came as a complete surprise to the fund's investors, as it had previously demonstrated fairly stable results and was considered one of the leaders among cryptocurrency hedge funds.
The failures of BH Digital Asset are attributed to the overall unfavorable state of the cryptocurrency market in 2025, caused, among other things, by investors' concerns about industry regulation. Amid increasing control by the authorities, many crypto funds showed extremely weak results, but BH Digital Asset turned out to be among the outsiders.
Likely, the situation for crypto funds will improve next year if the regulatory landscape becomes more clear and stable. However, Brevan Howard's reputation as a reliable manager of cryptocurrency assets has been severely damaged due to the disastrous 2025.