New York (Hedge Co.Net) – Steven A. Cohen’s SAC Capital Advisors is trying to put the past behind them with a name change.

“In the aftermath of our settlement with the government, Steve and senior management considered whether our path forward as a family office would be simpler if we operated with new legal entities and new names,”  President Thomas Conheeney said in a memo to employees . The new name refers to the address of SAC’s headquarters at 72 Cummings Point Road in Stamford.

“The name emphasizes we point to a successful future that rests on the exacting analyses of the companies, sectors and verticals by Point72’s portfolio managers and analysts,” Conheeney said. “We have selected strong new names that reflect our heritage or signal something important about our businesses.”

Alex Akesson
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