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Point72 Hires Quant Crypto Chief to Boost Digital-Asset Trading

June 1, 2022, 2:29 PM

Steve Cohen’s Point72 Asset Management is taking another step to bulk up its cryptocurrency-trading operation.

The $24.4 billion firm hired Elie Galam as head of crypto for the centralized quant business at Cubist Systematic Strategies, according to a person familiar with the matter. Galam will start this month and build a team that will create algorithms to trade spot and derivative cryptocurrencies.

A graduate of Harvard University with a master’s degree in applied mathematics, Galam joins from Jump Trading, where he focused on crypto trading and blockchain technology. He has also been a portfolio manager at Two ...