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Point72

Point72

A financial management company making discretionary long/short, macro, and systematic investments in multiple asset classes.

Point72 Asset Management is a financial management company making discretionary long/short, macro, and systematic investments in multiple asset classes that is headquartered in Stamford, Connecticut and was founded in 2014 by Steven A. Cohen. According to the firms website (as of February 2020), they have over 1500 employees, 10 offices around the globe, and $16.1 billion in assets under management.

Point72 leads company diversity initiatives through their office of inclusion and Engagement in an attempt to ensure inclusive recruitment, retention, and promotion to underrepresented groups. Their Office of Inclusion and Engagement leads their Multicultural Engagement Network (a community for people of color including asian, black, latin, middle eastern, native American, pacific-islander, south asian, and other groups), Pride72 (an initiative to foster an inclusive workplace for the LGBT community and its allies), and the Women in Finance Network (a community supporting and advancing women at Point72).

Sub-organizations

Sub-organizations of Point72 include EverPoint (long/short investing), Cubist Systematic Strategies (systematic investing), Point72 Ventures (early-stage venture capital), Cohen Private Ventures (private equity and other investments).

Timeline

February 3, 2021
Point72 raises the $1.5 billion to take advantage of investment opportunities it sees in the market.

People

Name
Role
LinkedIn

Lilly Fried

Employee

Ryan Fox

Employee

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
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Description
Bradley Saacks
June 7, 2021
Business Insider
Michael Recce believes asset managers unable or unwilling to pay for an internal data science team are in need of some help.
Isabelle Lee
May 13, 2021
markets.businessinsider.com
A source told The Block that Point72 plans to "get big in crypto" and is in the process of hiring people for the effort.
Frank Chaparro
May 13, 2021
The Block
Sources say that Point72, the hedge fund founded by billionaire Steve Cohen, is actively looking to begin deploying capital to the crypto market.
Bradley Saacks
May 3, 2021
Business Insider
More than 80 hedge funds have been launched by former members of Cohen's firm or by employees of one of those spin-offs, an Insider review found.
Alex Morrell
April 19, 2021
Business Insider
Systematic trading has taken over the markets. Insider spoke with two-dozen Wall Street recruiters who specialize in quant and data science professionals.
Alex Morrell and Bradley Saacks
February 5, 2021
Business Insider
McKeown led proprietary research at the fund and had been at Steve Cohen's Point72 hedge fund for eight years.
Harry Robertson
February 3, 2021
Business Insider
Point72 has raised $1.5 billion as it searches for new opportunities, a report said. It lost money in January during the GameStop saga.
Shalini Nagarajan and Harry Robertson
January 28, 2021
markets.businessinsider.com
GameStop's stock dropped sharply on Thursday after Robinhood curbed trading in volatile stocks, but several hedge funds have already been hit hard.
Jack Newsham
November 24, 2020
Business Insider
A portfolio manager and three analysts from utilities-focused hedge fund Blackstart Capital, which managed $319 million, have moved to Point72.
Alex Morrell and Bradley Saacks
November 18, 2020
Business Insider
The largest and most successful hedge funds have significant quant operations. Here's how much they pay in salary to lure promising junior staffers.
Matthew Fox
November 17, 2020
Business Insider
Soros Fund Management also disclosed a stake in Palantir, but told CNN on Tuesday that it had already sold its stake in the big data company.

References

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