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Steve Cohen's Point72 forms new exec committee, assets top $50 billion

Business Insider·Alex Morrell·about 1 month ago
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Meet Steve Cohen's new executive committee as Point72 hits $50 billion Steve Cohen, the billionaire founder of Point72 and owner of the New York Mets baseball team. FII Point72 is forming a new executive committee amid a substantial growth spurt. Founder Steve Cohen will lead the five-person team. Point72 hit $50 billion in assets in April, up from $11 billion in 2018 when it relaunched. Point72 Asset Management is forming a new executive committee to oversee the hedge fund's increasingly sprawling empire. Billionaire founder Steve Cohen — the chairman, CEO, and co-CIO of the firm — told staff in an internal memo Thursday that he will lead the new leadership group. The committee includes four other current executives: co-chief investment officer Harry Schwefel, chief operating officer and chief financial officer Gavin O'Connor, general counsel and chief compliance officer Vincent Tortorella, and chief of staff and head of external affairs Michael "Sully" Sullivan.…

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