Point72 Expands Cryptocurrency Team with Appointment of Lionel Sukhram as Senior Expert

It is reported that Point72, a hedge fund, announced the appointment of Lionel Sukhram, a senior executive of Robin Hood and former office director of Morgan S…

Point72 Expands Cryptocurrency Team with Appointment of Lionel Sukhram as Senior Expert

It is reported that Point72, a hedge fund, announced the appointment of Lionel Sukhram, a senior executive of Robin Hood and former office director of Morgan Stanley’s business management department, as a senior expert on digital assets, and expanded its cryptocurrency team. Point72 manages more than $27 billion in assets and first bet on cryptocurrency in August 2021. Terence Schofield of Pantera Capital was appointed as the technical director of digital assets in September last year. (hedgeweek)

Hedge fund Point72 appointed Lionel Sukhram, a senior executive of Robin Hood, as a senior expert on digital assets

Interpretation of the news:


Hedge fund Point72 recently announced that it has expanded its cryptocurrency team by appointing Lionel Sukhram as a senior expert on digital assets. Sukhram is a senior executive of Robin Hood and former office director of Morgan Stanley’s business management department.

With more than $27 billion in assets under management, Point72 has been actively investing in cryptocurrency. The hedge fund first bet on the digital asset in August last year and has been expanding its cryptocurrency team since then.

Sukhram’s appointment as a senior expert on digital assets is a significant move for Point72. He brings a wealth of experience to the hedge fund and is expected to play a critical role in its cryptocurrency investment strategy.

Before joining Point72, Sukhram held key positions at Robinhood and Morgan Stanley. As the office director of Morgan Stanley’s business management department, he was responsible for driving business strategies and streamlining operations. Sukhram was also part of the team that launched Robinhood Crypto and helped scale the platform to millions of users.

Sukhram’s appointment follows the appointment of Terence Schofield of Pantera Capital as the technical director of digital assets at Point72 in September last year. These appointments demonstrate the hedge fund’s commitment to expanding its expertise in cryptocurrency and its investment in the digital asset class.

Point72’s move to expand its cryptocurrency team is part of a broader trend among hedge funds and other institutional investors. The cryptocurrency market has seen tremendous growth in recent years, and many institutional investors are now looking to get involved.

In conclusion, Point72’s appointment of Lionel Sukhram as a senior expert on digital assets is a significant move that demonstrates the hedge fund’s commitment to cryptocurrency investment. With more than $27 billion in assets under management, Point72 is well-positioned to capitalize on the growth of the cryptocurrency market.

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