Published on July 13th, 2018 | by bitcoin0
Hedge fund billionaire Steven Cohen enters Guido
Billionaire investor Steven Cohen, once dubbed the “Hedge Fund King,” has reportedly entered the crypto space.
According to a Fortune article published July 12, Cohen has invested in cryptocurrency-focused hedge fund Autonomous Partners through his VC firm Cohen Private Ventures.
Her crypto fund has already secured investments from big names including Coinbase CEO Brian Armstrong, Union Square Ventures and Craft Ventures.
While the size of the new investment was not revealed, it’s not the first time Cohen Private Ventures has invested in Simpson’s projects.
According to data from Autonomous Next, of an estimated 251 crypto hedge funds with $3.5–5 billion in assets under management, 175 of them were established as recently as 2017.