Recent departures from Point72 Asset Management, formerly SAC Capital Advisors, has effectively closed the Boston office and the firm is having difficulty retaining and attracting employees, according to a press report. As VW previously noted, one firm picking off employees from Point72 is Balyasny Asset Management. SAC Capital Advisors and its founder, billionaire Steven A. Cohen, were subject of a series of insider trading charges that effectively tainted the firm and pushed it to transform into a private family office from a hedge fund offering investments to the qualified public. Point72 closes Boston office due to employee loss According to a…
Point72 Talent Losses Effectively Close Boston Office
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.