Point72

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People News: SocGen, Point72.

Statue Of Liberty

Societe Generale’s head of structured products for the Americas is shifting to another role within the bank, and at least two other team members in the U.S. are leaving amid a reorganization.

Cohen says he won't bid for NBA side

Steven Cohen Still

Billionaire Steven A. Cohen said he won’t bid for the Brooklyn Nets after his representatives met with bankers handling the team’s sale, according to a person with direct knowledge of the matter.

4% bonuses for ethical behaviour

Receading Hedge

Billionaire Steven A. Cohen, whose hedge fund SAC Capital Advisors LP shut down this year to settle charges of unprecedented insider trading, plans to reward employees at his new investment firm for demonstrating ethical behavior.

Steve Cohen is losing his top lieutenant

Departure

Tom Conheeney, the longtime president of SAC Capital and top lieutenant to founder Steve Cohen, is stepping down Monday from the No. 2 spot at the former hedge fund's successor company, Point72, a company insider said.

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