Point72 Asset Management is an American hedge fund. It was founded in 2014 by Steve Cohen, after his previous company S.A.C. Capital Advisors pleaded guilty to insider trading charges. In 2018, the company reopened to external investors after a two-year ban and began accepting outside capital. The company's office is located in Stamford, Connecticut.
History
2014 to 2019
Point72 has origins to 1992 with the founding of S.A.C. Capital Advisors, a group of hedge funds founded by Steve Cohen.[9] S.A.C pled guilty to federal charges in 2013 after an 11-year investigation into insider trading.[10] Point72 was founded in 2014 by Steve Cohen as the successor to S.A.C.[11] with the bulk of S.A.C.'s assets being transferred to Point72.