Billionaire Steven A. Cohen, who oversees only his personal fortune after decades of running one of the world's biggest hedge funds, wants to recruit newly minted college graduates into his army of hundreds of investment professionals. Less than 16 months after Cohen's SAC Capital Advisors pleaded guilty to insider trading charges, the successor firm, Point72 Asset Management, is shifting its focus from hiring seasoned investors to bringing in talent that it can shape in-house, a spokesman for the firm said. The $10 billion firm, which employs 850 people, including 350 investment professionals, expects a new website, Point72.com to help recruiting. At the same time, Cohen, 58, is not looking for outside clients, his spokesman Mark Herr said in an e-mail, noting that the website makes clear on every page that the firm is a family office.
via Business News http://ift.tt/1BXu3uD
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