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$22.1 Billion Hedge Fund Point72 Hiring "Head of Crypto"

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Wed, 06/30/2021 - 13:26
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Alex Dovbnya
Point72 Asset Management is looking for someone who will be at the helm of its crypto unit
$22.1 Billion Hedge Fund Point72 Hiring "Head of Crypto"
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Point72 Asset Management, the hedge fund founded by billionaire Steven Cohen, is searching for a “head of crypto,” according to a report by The Street that cites people with knowledge of the matter.
  
As reported by U.Today, Cohen mentioned that he was “fully converted” to crypto in a recent interview, adding that he was still early:  

I’m not going to miss this. I’ve missed the first part, but I still feel like I’m early. I may look foolish initially, but it accordingly to earn the game. And then, when you’re confident, take it to the next level.       

Yet, the New York Mets owner is not-so-bullish on Bitcoin since he claimed that he was mainly interested in blockchain and its disruptive potential:

I don’t care about bitcoin. I care more about the technology behind the blockchain and how transformational it is and how disruptive it could be.        

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Point72—which boasts $22.1 billion under management—has been rumored to get into crypto for quite a while.

In May, the hedge fund told its investors that it was “exploring opportunities” in the blockchain sector.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.