Point 72 Invests $250M in Algo Platform

B_08Point 72 Invests $250M in Algo Platform

Point72 Asset Management’s Steven A. Cohen, the billionaire investor operating under a two-year ban from managing others’ money, is putting $250 million of his own funds under management with Boston-based startup Quantopian, and has bought a $2 million piece of ownership in the algorithmic trading platform.

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