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Hedge fund manager Cohen heads east to 'swing big' with Point72 Ventures

Asia presents a chance to "swing big" because it's unburdened by technological infrastructure, particularly in financial services

Steven Cohen
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Klaus Wille | Bloomberg
Hedge fund manager Steven Cohen is bringing his passion for tech startups to Asia, along with his checkbook.

Point72 Ventures, which invests mostly the billionaire’s money in early-stage companies, is starting to evaluate prospects on the continent after putting millions of dollars into startups in the Americas and Europe.

Asia presents a chance to “swing big” because it’s unburdened by technological infrastructure, particularly in financial services, said Matthew Granade, who oversees investments at the venture-capital arm of Cohen’s Point72 Asset Management. Many parts of the developed world, such as the U.S., spent decades to build such infrastructure, making it harder

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First Published: Apr 19 2018 | 2:16 AM IST

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