TechFlow News, February 18: According to CoinDesk, BH Digital Asset—the cryptocurrency fund operated by UK-based hedge fund Brevan Howard—recorded a 29.5% decline in net asset value (NAV) for 2025, marking its worst annual performance since its inception in 2021 and significantly underperforming Bitcoin, which fell only 6% over the same period. The fund primarily invests in crypto tokens and companies related to digital assets; it posted gains of 43% and 52% in 2023 and 2024, respectively.
According to the Financial Times, citing unnamed sources, BH Digital Asset holds substantial private equity and venture capital assets, placing it under notable pressure amid the broader crypto market’s weak performance last year. Brevan Howard has not yet commented on the matter.
