PANews reported on December 21, according to the UK (Financial Times), that Trump's victory pushed Bitcoin to a strong rebound, allowing some cryptocurrency hedge funds to 'make a fortune'. According to data provider Hedge Fund Research, funds employing crypto strategies rose by 46% in November, achieving an annual return rate of 76%, with these fund companies' returns far exceeding the industry average (10% in November).
Among them, Brevan Howard Asset Management and the cryptocurrency investment management company Galaxy Digital founded by billionaire Mike Novogratz are the biggest winners of the recent crypto boom, with Brevan Howard's crypto fund, which has $35 billion in assets, rising 51% so far in 2024; Galaxy, on the other hand, has increased by 90%, with assets more than doubling to $4.8 billion. However, as of now, both Brevan Howard Asset Management and Galaxy have declined to comment on the performance of their crypto funds.
