Reuters – Thomas Conheeney, who was president of Steven A. Cohen’s SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down from the position at successor organization Point72 Asset Management, Point72 said on Monday [Aug. 18].
Douglas Haynes, a former McKinsey & Co. director who joined the firm earlier this year as managing director for human capital, will succeed Conheeney as president at Point72 Asset Management. Conheeney will stay on at the firm in an advisory role until the end of the year.
