Key Takeaways
- • Billionaire Steven Cohen has invested in Autonomous Partners, a hedge fund focused on cryptocurrencies and blockchain-based companies, according to a person familiar with the matter.
- • The investment was made through Cohen Private Ventures, Cohen's personal investment vehicle, per the source who asked not to be named.
- • Autonomous Partners was founded last year by Arianna Simpson, an early cryptocurrency advocate, and has also attracted Union Square Ventures, Coinbase CEO Brian Armstrong and Craft Ventures co-founder David Sacks, according to Simpson.
- • Simpson disclosed the additional backers in an interview with Bloomberg on Thursday.
Summary
Billionaire hedge fund manager Steven Cohen has invested in Autonomous Partners, a hedge fund focused on cryptocurrencies and blockchain-based companies, according to a person familiar with the matter who asked not to be named because the information is private. The investment was made through Cohen Private Ventures, his personal investment vehicle.
Autonomous Partners was started last year by Arianna Simpson, described as an early advocate of cryptocurrencies. In an interview with Bloomberg on Thursday, Simpson said the fund has also secured investments from Union Square Ventures, Coinbase Inc. Chief Executive Officer Brian Armstrong and Craft Ventures Co-Founder David Sacks.
The report places Cohen's move within the broader interest among prominent hedge fund figures in digital assets. Cohen is the chairman, chief executive officer and co-chief investment officer of Point72, a global multi-strategy asset management firm. The primary source does not disclose the size of Cohen's investment or the fund's assets under management.
Autonomous Partners was started last year by Arianna Simpson, described as an early advocate of cryptocurrencies. In an interview with Bloomberg on Thursday, Simpson said the fund has also secured investments from Union Square Ventures, Coinbase Inc. Chief Executive Officer Brian Armstrong and Craft Ventures Co-Founder David Sacks.
The report places Cohen's move within the broader interest among prominent hedge fund figures in digital assets. Cohen is the chairman, chief executive officer and co-chief investment officer of Point72, a global multi-strategy asset management firm. The primary source does not disclose the size of Cohen's investment or the fund's assets under management.
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