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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

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 ...