Point72 Asset Management, the firm that manages the fortune of billionaire trader Steven A. Cohen, started a venture capital unit that backs technology companies. The business, Honeycomb Ventures, will invest mainly in growth equity opportunities and is led by Point72 money manager David Fiszel, 42, the firm wrote today in a memo to employees, a copy of which was obtained by Bloomberg News. Honeycomb will invest in global media, technology and telecommunication companies, including those that focus on cloud computing, payments and security technology and e-commerce, according to Point72 spokesman Mark Herr. The unit operates as a passive investor that holds stakes for between five and 10 years, he said in a telephone interview.

http://www.bloomberg.com/news/articles/2015-03-30/cohen-s-point72-starts-technology-venture-capital-unit