Point72’s Former Digital Asset Head Ashby Joins Proprietary Trading Firm AlgoQuant
- Ashby spent a year at Point72 leading strategy in crypto
- AlgoQuant seeks to build a crypto asset management business
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Michael Ashby, who most recently led the digital-asset strategic implementation at hedge fund firm Point72, has joined the proprietary crypto trading firm AlgoQuant.
Ashby, who joined AlgoQuant in April as chief executive officer, said in an interview that the firm is seeking to expand into asset management in the digital sector. He has relocated from New York to Dubai, as part of AlgoQuant’s plans to build out operations in the United Arab Emirates. The firm expects to offer asset management services primarily in Asia and Europe.