Billionaire Investor Says Crypto Will Revive Hedge Funds

Cohen Private Ventures made an investment into crypto hedge and venture capital fund Autonomous Partners, according to a person familiar with the matter. The fund, owned by Steven Cohen, has previously backed companies run by the hedge fund’s managing director Arianna Simpson who previously worked at Facebook. It invested in Crystal Towers Capital which she co-founded in 2015.

Autonomous Partners invests in cryptocurrencies, digital assets, and blockchain-based companies. The fund focuses on products that are based around security, scalability, and privacy-enabling protocols. It was founded last year and only has two employees on its LinkedIn.