SAC’s Point72 Asset Management loses Thomas Conheeney; Gabriel Plotkin to launch Melvin Capital

September 2nd, 2014
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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.

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.
For Detailed Investor Profiles on these Investors, click below:
Point72 Asset Management (SAC Capital)
Related People: ; Douglas Haynes (President); Chandler Bocklage*; Peter Nussbaum*; Sol Kumin*; Steven A. Cohen; Ted Orenstein*; Tom Conheeney*
Related Entities: Canvas Capital*; CR Intrinsic Investors*; Cubist Systematic Strategies; EverPoint Asset Management; S.A.C. Global Investors; SAC Meridian; SAC MultiQuant; Sigma Capital Mgmt; Walter Capital*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings


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