(Bloomberg) Steven Cohen’s Point72 Asset Management has been on its biggest ever hiring spree in Asia, seeking higher returns amid turmoil in the global hedge fund industry.
The Stamford, Connecticut-based family office, which manages $11 billion, recruited 31 people for its Hong Kong, Singapore and Tokyo offices in the first eight months of 2016, including 21 on the investment side, said Molly Binenfeld, a Hong Kong-based spokeswoman. The new hires brought its employees in the region to about 120, she said.
