Point72 Asset Management in ‘Early Innings’ of ‘Big Crypto Push’
— Assets, Technology, Supporting, Push, Management, Digital, Venture, Point72, Asset, Innings — 1 min read
Point72 Asset Management is looking to hire a couple of senior blockchain-focused professionals, including a head of crypto technology. The firm, like rival Millennium Management, had already been trading crypto-based institutional products. The plan for Point72’s crypto dealings is to start with quantitative trades and build out a business model from there. Head of digital asset operations would be coordinating efforts between middle- and back-office teams that support portfolio managers and analysts. Additional junior and mid-level hires are in the works, according to two sources familiar with the matter. Point72 is run by founder Steve Cohen and trades a wide variety of traditional financial assets, including equities, commodities and debt. It is not, however, trading spot digital assets. Source