Steve Cohen’s Point72 Quant Unit Falls 22% in March

Steve Cohen’s quantitative trading group lost about 22% this month, according to people with knowledge of its performance, as the accelerating coronavirus spread sent stocks tumbling.

The unit, Cubist Systematic Strategies, is a standalone business operating separately from the discretionary traders at Cohen’s $16 billion Point72 Asset Management. It feeds into the firm’s flagship multistrategy fund, which was down about 4% through Monday.