Point72 Asset Management, the firm that oversees billionaire Steven A. Cohen’s wealth, is seeking more than 40 traders and analysts as it expands its London office.
Bloomberg News reports that Point72, which manages $11bn, will staff the office with 50 to 70 people “about 80% investment professionals, the rest support staff,” the company’s President Doug Haynes said at a briefing Tuesday. The firm hired former BlackRock executive Jonathan Jones as head of recruitment and is seeking a new chief for London as it returns to the U.K. after two years.
“We believe there is a talent opportunity in Europe,” Haynes said. “The equities market has a lot of opportunity."
Point72 agreed to lease an office space in London’s upscale St. James’s district last year, according to an internal memo seen by Bloomberg. It hired former Balyasny Asset Management money manager Stanislas de Caumont and Israa Al Bayaa, who earlier worked at Moore Capital Management in London, people with knowledge of the matter said in October.
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