Cohen Changes SAC Name to Point72 in Family Office Shift
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Steven A. Cohen is changing the name of his SAC Capital Advisors LP to Point72 Asset Management as the hedge-fund firm stops managing client money to settle U.S. allegations of insider trading.
The firm, which will manage billionaire Cohen’s own fortune after the transition, is being renamed effective next month, President Thomas Conheeney said in a memo to employees today. The new name refers to the address of SAC’s headquarters at 72 Cummings Point Road in Stamford, Connecticut,