不同于Point72现有的市场中性主基金，这只新基金将拥有更灵活的投资授权，可能会买入一些主基金通常不会持有的偏长线头寸。Billionaire Steve Cohen, known as the "Michael Jordan of the hedge fund world", is determined to accelerate his AI investment layout.
According to media reports on the 19th, Point72, the hedge fund giant chaired by Cohen, is planning to raise $1 billion for a new fund focused on betting on AI and semiconductor fields. This will be Point72's first new hedge fund product in decades.
According to insiders, the fund will be led by senior investment manager Eric Sanchez and is expected to launch officially at the end of this year or early 2025. In addition to external investors, Point72 employees and Cohen himself will also invest in the fund, and he will personally oversee its operation.
Unlike Point72's existing market-neutral hedge fund, this new fund will have more flexible investment authority and may buy some longer-term positions that the main fund does not usually hold.
As of April this year, Point72 managed $33.9 billion in assets.
In April, in an interview with the media, Cohen expressed confidence in the prospects for AI technology, believing that it will have a "revolutionary" impact on companies and save them millions of dollars in costs:
When this technological change occurs, it reminds me of the 1990s, which gave birth to the best new companies.
However, he also emphasized that there will be "winners and losers" in this field.
