Point72’s hedge fund university overcomes the ‘lack of talent’ on Wall Street
\nWall Street and Silicon Valley are in a war for talent
\nYahoo Finance By Jared Blikre
\n20 hours ago
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\n 0:06 \/ 4:59<\/p>\n
Check out the new hedge fund university run by Point72<\/p>\n
(Yahoo-Finance) Hedge fund mogul Steven Cohen is cutting out the middleman to recruit top talent for his firm, Point72 Asset Management. Friday, the fund launched its inaugural Sophomore Summit to introduce an elite group of 20 college sophomores to the business of stock picking.<\/p>\n
The summit is the first step in a new approach to training asset managers. After successfully completing a summer internship and earning an undergraduate degree, entrants into Point72\u2019s \u201chedge fund university\u201d go through an intensive 15-month program. At the firm\u2019s Stamford, Connecticut, headquarters, the small class learns to develop and implement investment ideas, working with veteran traders at the firm.<\/p>\n