type l.p. private industry financial services . 1 2 3 founded 2014 founder steven a. cohen headquarters stamford connecticut united states key people doug haynes president 4 aum 11 billion 2015 5 6 owner steven a. cohen number of employees 1 000 2015 7 8 website point72.com point72 asset management l.p. is an american family controlled investment company or family office managing the assets of its founder steven a. cohen and eligible employees . point72 was established in 2014 as the successor to s.a.c. capital advisors . as of 2015 point72 employed approximately 1 000 people . the firm s long short investment divisions are point72 asset management and everpoint asset management . cubist systematic strategies is its quantitative investing business . point72 also operates aperio a big data research and investing unit . 9 10 point72 has its main office in stamford connecticut and there are several satellite offices around the world . 11 history edit point72 was founded in 2014 as the successor to sac capital after the firm pleaded guilty to federal insider trading charges and paid a 1.8 billion fine . 12 in march 2014 sac capital transferred the bulk of its assets to point72 and was placed in run off or a winding down of its operations . during this transition point72 launched a program a firm spokesperson referred to in a wall street journal article as the first phase of its transformation and renewal . 13 14 in the wake of the government s criticism of sac s compliance program point72 enacted a series of reforms to bolster internal compliance . former federal prosecutor vincent tortorella was hired to fill a newly created role of chief surveillance officer and former u.s. attorney for connecticut kevin j. o connor was hired to serve as chief counsel . 15 a specialized surveillance unit composed of ex cia fbi and sec investigators 16 was created to emphasize the need for compliance by traders and in 2014 the firm retained palantir technologies inc. a central intelligence agency backed software maker to provide a new tool for compliance and surveillance . 17 during this time point72 adopted other software programs designed to bolster internal compliance . 18 in august 2014 founder steven cohen replaced many of the management personnel who had operated sac . among the changes he named a new president of point72 douglas d. haynes and a new chief operating officer former ibm executive timothy shaughnessy . 19 20 in 2015 the firm launched the point72 academy an internship program to train new employees according to its mission and values . point72 describes the program as an effort to build a stronger internal culture . 11 21 22 there are satellite offices in new york city hong kong tokyo singapore and london . 8 23 24 references edit kishan saijel october 22 2015 . point72 s haynes says cost of being excellent keeps going up . bloomberg . retrieved january 7 2016 . point72.com . homepage . accessed 2016 03 01 . kate kelly . the second coming of steven cohen . cnbc . 2016 01 11 . accessed 2016 03 01 . fox emily jane january 19 2016 . hedge fund billionaire steve cohen s point72 is staffing up . vanity fair . fletcher laurence october 22 2015 . steven cohen s firm in talks to rehire fund manager . wall street journal . cohen s point72 hires former cs equity research head flannery . fin alternatives . october 30 2015 . kishan saijel ; vanvoris bob ; robinson matt october 29 2015 . will shift in insider trading spell a comeback for steve cohen . chicago tribune . a b soule alexander october 17 2015 . o connor brings plenty of experience to point72 role . stamford advocate . yang stephanie march 10 2015 . steve cohen s fund is going quant . business insider . copeland rob march 11 2014 . sac seeks a new start as point72 . wall street journal . a b foxman simone march 10 2015 . cohen s firm said to hire 30 seeking edge in public data . bloomberg . protess ben ; lattman peter november 4 2013 . after a decade sac capital blinks . the new york times dealbook . retrieved 2013 11 06 . copeland rob april 7 2015 . steve cohen s investment firm appoints new paid advisory board . wall street journal . beeson ed june 27 2014 . sac capital to dissolve adviser business in sec settlement . law 360 . burton katherine april 8 2014 . cohen hires tortorella as surveillance chief for point72 . bloomberg . goldstein matthew december 15 2014 . steven cohen seeks ex fbi agents to join his investment firm . new york times . kishan saijel march 19 2014 . sac retains palantir to boost surveillance after charges . bloomberg . bit kelly june 9 2014 . cohen s point72 bans instant messaging for some managers . bloomberg . goldstein matthew may 6 2015 . point72 hires ex prosecutor as general counsel . new york times . burton katherine may 20 2015 . ibm s o shaughnessy hired as coo by point72 . bloomberg . soule alexander april 23 2015 . investment academy to debut at point72 . stamford advocate . shen lucinda march 11 2016 . some first year hedge funders would top the best paid jobs list . fortune . lattman peter october 22 2013 . sac capital retrenches as insider trading inquiry drains firm . new york times . gasparino charlie november 20 2015 . billionaire steve cohen hiring and plots hedge fund return . fox business . external links edit point72 corporate website v t e hedge funds investment strategy arbitrage relative value capital structure arbitrage convertible arbitrage equity market neutral fixed income arbitrage fixed income relative value investing statistical arbitrage volatility arbitrage event driven activist shareholder distressed securities risk arbitrage special situation directional convergence trade commodity trading advisors managed futures account dedicated short global macro long short equity trend following other fund of hedge funds multi manager trading algorithmic trading day trading high frequency trading prime brokerage program trading proprietary trading related terms markets commodities derivatives equity fixed income foreign exchange money markets structured securities misc arbitrage pricing theory assets under management black scholes model greeks finance delta neutral capital asset pricing model alpha beta security characteristic line fundamental analysis hedge securitization short taxation of private equity and hedge funds technical analysis investors vulture funds family offices financial endowments fund of hedge funds high net worth individual institutional investors insurance companies investment banks merchant banks pension funds sovereign wealth funds regulatory fund governance hedge fund standards board alternative investment management companies hedge funds hedge fund managers retrieved from https en.wikipedia.org w index.php title point72 asset management & oldid 738895638 categories companies based in stamford connecticuthedge fund firms in connecticutcompanies established in 1992 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais edit links this page was last modified on 11 september 2016 at 17 38 . text is available under the creative commons attribution sharealike license ; 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