Hedge fund billionaire and New York Mets owner Steven Cohen agrees to make an initial investment in Radkl (pronounced "radical"), a quantitative trading firm specializing in digital assets, the Wall Street Journal reports, citing the firm's executives and a spokeswoman for Cohen. The firm, which is set to debut later today, will be run by a group from GTS, a high-speed trading firm active in stocks and options, the WSJ said. Cohen will make the investment on his own, not through his Point72 Asset Management hedge fund. The size of the investment wasn't disclosed. "While the cryptocurrency market is now a $2T asset class, we are still in the early stages of institutional adoption," Cohen said in a press release for the Radkl introduction. "As more professional investors enter this space, there's a need for institutional acumen and a firm like Radkl." The new firm plans to participate in several
