Billionaire hedge fund manager Steven Cohen has joined the ranks of financial juggernauts participating in the cryptocurrency feeding frenzy, announcing an investment in a new hedge fund focused on cryptocurrency investment and blockchain startup equity.<\/p>\n
Cohen, who ranks<\/a> as 8 on the Forbes 400 Self-Made Score and currently oversees Point72 Asset Management, a $12 billion hedge fund firm, has made a strong move towards the cryptocurrency and blockchain ecosystem with an investment in crypto-focused hedge fund Autonomous Partners.<\/p>\n The hedge fund magnate has made a significant leap into the crypto ecosystem via Cohen Private Ventures, backing Autonomous Partners' financial exploration of the blockchain industry. In addition to capturing support from Cohen, Autonomous Partners has also raised capital from both Union Square Ventures and Coinbase CEO Brian Armstrong.<\/p>\n Autonomous Ventures, spearheaded by venture capitalist Arianna Simpson, launched in December 2017 and is focused primarily on blockchain platforms that aim to optimize transaction speed and scalability, develop cryptocurrency infrastructure, and privacy coins that deliver anonymous ownership.<\/p>\n Alright, the cat is out of the bag! Thanks @WSJVC<\/a> for covering my new fund, Autonomous Partners. Very excited to be able to back some of the sharpest teams in crypto(including @kadena_io<\/a> & @celoHQ<\/a>) & honored to work with a number of the best LPs in the game. https:\/\/t.co\/80nYMICQHd<\/a><\/p>\n — Arianna Simpson (@AriannaSimpson) June 27, 2018<\/a><\/p><\/blockquote>\nAutonomous Ventures Joins Growing Ranks of Crypto Hedge Funds<\/h2>\n
\n