Financial Times: Crypto funds such as Brevan Howard and Galaxy Digital have annual returns far exceeding traditional funds

Foresight News reported that according to the Financial Times of the UK, the strong rebound of Bitcoin driven by Trump's victory has enabled some cryptocurrency hedge funds to "make a big profit". According to data from Hedge Fund Research, funds using cryptocurrency strategies gained 46% in November, with an annual return of 76%, far exceeding the industry average (10% in November). Among them, Brevan Howard Asset Management and Galaxy Digital, the cryptocurrency investment management company founded by billionaire Mike Novogratz, are the biggest winners in the recent cryptocurrency boom. Brevan Howard's cryptocurrency fund, which has $35 billion in assets, has risen 51% so far in 2024; Galaxy has risen 90%, with its assets more than doubling to $4.8 billion. So far, Brevan Howard Asset Management and Galaxy have declined to comment on the performance of their cryptocurrency funds.