- Halo Capital Fund Launch
- Investment Strategy and Projects
- Alan Howard’s Contribution to the Crypto Sector
Daniel Howard, son of British billionaire hedge-fund manager Alan Howard, along with colleague Bhavin Vaid, has raised $25 million for the new venture fund Halo Capital, focused on early-stage crypto projects.
Halo Capital Fund Launch
Daniel Howard and Bhavin Vaid announced the creation of the new venture fund Halo Capital with a capital of $25 million. The fund will focus on investments in the early stages of digital asset projects. Although Howard and Vaid declined to disclose information about their investors and partners, Howard noted that his family background plays a role in attracting investors, but Halo’s unique approach is the key factor.
Investment Strategy and Projects
Halo Capital has already invested in several projects, including Bima Labs, the developer of the Bitcoin-backed stablecoin USBD, and Andrena, a wireless internet provider. Vaid emphasized the importance of a research-driven approach, noting that "many existing funds in this space are potentially biased, based on other investments they might have made over the past three to five years."
Alan Howard’s Contribution to the Crypto Sector
Alan Howard, already a prominent supporter of the crypto industry, helped establish Brevan Howard’s crypto arm, BH Digital, in 2021. In mid-July, according to crypto.news, Brevan Howard’s crypto fund saw a 20% gain in the first half of 2024, driven by increased institutional interest amid rising crypto prices.
The new fund, Halo Capital, aims to become a significant player in the world of crypto projects, offering a unique approach to investments and focusing on the early stages of digital asset development.
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