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Point72 Nabs Goldman’s Repo Trading Head to Build Macro Unit

Cohen Hires Tortorella as Chief Surveillance Officer for Point72

Photographer: Emile Wamsteker/Bloomberg

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Alex Blanchard, Goldman Sachs Group Inc.’s head of repo trading, is set to join billionaire Steve Cohen’s Point72 Asset Management -- the second defection to the money manager to emerge in a matter of weeks.

Blanchard will join the hedge fund as a portfolio manager in its macro trading team later this year. A spokeswoman for Stamford, Connecticut-based Point72 confirmed the hire on Friday.