User blog comment:The Bespectacled Guy/General RWBY Stuff 1/@comment-4830106-20130827133028

Good to see I'm not the only one who caught the Beowolf/demon monkey thing.

I think they are related, but I wouldn't put it down as anything more than a joke. I mean, the name "Beowolf" is a pun in and of itself, so their design probably originated at whatever passes as jam sessions for RoosterTeeth.