Billionaire trader Steve Cohen's next big bet: $250 million on algo trading

[thenews]

Quantopian is a hedge fund that trades using algorithms submitted by, well by anyone who wants to submit one.

• There are 85,000 members from 180 countries
• Quantopian pays royalties to people who write models that are selected for trading

Steve Cohen's Point72 is tipping a quarter of a billion dollars in 

Reuters have more here