SAC Capital Advisors Loses A Top Lieutenant Of Steven Cohen

Thomas Conheeney, who was president of Steven A. Cohen’s SAC Capital Advisors and later at Point72 Asset Management, announced his resignation Monday after playing an important role during the insider trading investigation. Cohen’s former hedge fund, SAC Capital Advisors, has become the billionaire investor’s family office, Point72 Asset Management. Conheeney will be succeeded by Douglas Hayes, who was appointed earlier this year to the hedge fund firm’s executive committee. Conheeney’s credentials Conheeney joined SAC about 15 years ago and resigned Monday, capping a tenure marked by eight current or former employees who got convicted on criminal charges relating to insider trading….