|Point72 Asset Management, the remnant firm of the long-embattled SAC Capital Advisors, continues to shed key people with the departure of its president, Thomas Conheeney. According to Reuters, Thomas Conheeney, follows the recent departures of many of the firm’s portfolio managers including Gabriel Plotkin, who is readying the launch of his own hedge fund, Melvin Capital. |
Former McKinsey & Co executive, Douglas Haynes has replaced Conheeney as Point72’s president.
|Hedge Fund Lists|
Following the settlement of its insider trading case with the SEC, SAC Capital Advisors closed its doors to outside investors to become a family office, managing founder Steve Cohen’s personal fortune under the firm name of Point72 Asset Management.