Steve Cohen, founder of hedge fund Point72 Asset Management has exited his investment in cryptocurrency trading startup Radkl, according to a report by Bloomberg.
The report cites a statement from a spokesperson for the company as confirming that the billionaire investor, who had made a personal investment in Radkl, is no longer backing the quantitative crypto trading firm, which was founded by New York Stock Exchange market maker GTS.
Radkl has already lost two managing directors this year, including Jim Greco and Beatrice O’Carroll and now lists only five employees on its website although that lists includes O’Carroll who has subsequently confirmed that she is no longer employed by Radkl.
“Radkl remains extremely well capitalised with its current investors and continues to grow rapidly,” the Radkl spokesperson is reported as having said in an emailed statement.
