2018-7-13 18:17 |
Billionaire Steven Cohen, the founder of Point72 Asset Management, is reportedly backing a crypto and blockchain-focused hedge fund, Bloomberg reports Friday, July 13.
Cohen invested in Arianna Simpson’s cryptocurrency hedge fund, Autonomous Partners, via his private equity firm Cohen Private Ventures, according to Bloomberg’s anonymous source.
Point72 Asset Management, whose most recent portfolio value is almost $24 billion, is headed by Andrew B. Cohen, who is also the Managing Director of Cohen Private Ventures.
The fund is mostly focused on crypto infrastructure projects, anonymity-oriented altcoins, and crypto companies that tackle scalability issues.
In March, news of a U.S. Securities and Exchange Commission (SEC) probe into up to 100 crypto-related hedge funds indicated increasing scrutiny of their activities.
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