Wiggin and Dana Assists Point72 Asset Management with Investment in Emerging Quantitative Investment Firm
Wiggin and Dana LLP represented Point72 Asset Management, L.P., the Stamford, CT-based family office of Steven A. Cohen, in its July 2016 investment in Quantopian, Inc., a web-based trading platform that uses crowdsourcing to create new algorithms for investing capital. Point72 made this investment, the terms of which have not been disclosed, in connection with a commitment to allocate up to $250 million of capital to a Quantopian-managed investment account. The Wiggin and Dana team included partner Mark S. Kaduboski and associate James P. Greifzu.
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