Brevan Howard's cryptocurrency fund lost nearly 30% last year, marking its worst annual performance since its inception

According to CoinDesk, the UK hedge fund Brevan Howard's crypto fund BH Digital Asset saw a net value decline of 29.5% in 2025, marking the worst annual performance for the fund since its inception in 2021, underperforming Bitcoin, which only dropped 6% during the same period.

The fund primarily invests in crypto tokens and companies related to digital assets, having previously recorded increases of 43% and 52% in 2023 and 2024, respectively.

According to sources cited by the Financial Times, BH Digital Asset holds a significant amount of private equity and venture capital assets, which have been notably pressured in the overall sluggish environment of the crypto market last year. Brevan Howard has not yet commented on this matter.