Steve Cohen’s Point72 hires head for its training program
By(Reuters) – Steven A. Cohen has hired a hedge fund industry veteran to head a new training program designed to pass the billionaire investor’s famous stock picking skills to a new generation as he rebuilds after an insider trading scandal.
Cohen’s $11 billion firm Point72 Asset Management said on Thursday that Jaimi Goodfriend, a college lecturer in Illinois who previously worked for hedge funds Citadel and Balyasny, will become Point72 Academy’s first director.
The academy has accepted 15 undergraduates out of 1,300 applicants into an eight-week summer internship. It picked 15 college graduates from several hundred applicants for a longer program that will teach financial modeling, stock research, securities laws, ethics and compliance. The paid summer internship begins in June while the longer Academy class program commences in August…
Steve Cohen’s Point72 hires head for its training program
