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Cohen’s Point72 Goes on Biggest Ever Hiring Spree in Asia

  • Firm recruited 31 people in region, 21 on investment side
  • New hires include managers focused on South Korea, Australia
Updated on

Steven Cohen’s Point72 Asset Management has been on its biggest ever hiring spree in Asia, seeking higher returns amid turmoil in the global hedge fund industry.

The Stamford, Connecticut-based family office, which manages $11 billion, recruited 31 people for its Hong Kong, Singapore and Tokyo offices in the first eight months of 2016, including 21 on the investment side, said Molly Binenfeld, a Hong Kong-based spokeswoman. The new hires brought its employees in the region to about 120, she said.