Investing
Billionaire Steve Cohen Pushes Point72 Deeper Into Macro Trading
- Teams trading macro set to exceed 50 at the firm next year
- Hedge fund with more than 185 teams returned 9.8% in 2023
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Steve Cohen’s Point72 Asset Management is bulking up its macro trading teams as his stocks-focused multi-manager investment firm diversifies its $31 billion hedge fund business.
Led by Mo Grimeh, the unit will soon have 51 macro trading teams with two new hires joining next year, according to a spokesperson. That’s five times the size three years ago when Grimeh, former deputy global head of fixed income at Izzy Englander’s Millennium Management, joined the Stamford, Connecticut-based firm.