Point72's Haynes Says 'Cost of Being Excellent' Keeps Going Up

  • Family office's president interviewed on `Wall Street Week'
  • More hedge fund closures and redemptions may come, he says

Point72 Asset Management manages the fortune of billionaire Steven A. Cohen.

Photographer: Simon Dawson/Bloomberg

Doug Haynes, president of Point72 Asset Management, the firm that manages the fortune of billionaire Steven A. Cohen, said there could be more closures and money pulled out of the hedge fund business.

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