August 20, 2014 4:49 PM ET

Capital Markets

Company Overview of Point72 Asset Management, L.P.

Company Overview

Point72 Asset Management, L.P. is a privately owned hedge fund sponsor. The firm invests in the public equity markets. It employs long/short equity strategy to make its investments. The firm employs combinational of fundamental and quantitative analysis to make its investments. Point72 Asset Management, L.P. was founded in 1992 and is based in Stamford, Connecticut.

72 Cummings Point Road

Stamford, CT 06902

United States

Founded in 1992

Phone:

203-890-2000

Fax:

203-823-4200

Key Executives for Point72 Asset Management, L.P.

Founder
Age: 58
Chief Financial Officer
General Counsel
Analyst
Compensation as of Fiscal Year 2014.

Point72 Asset Management, L.P. Key Developments

Elan Investors Clear to Sue over Losses

A US Federal judge narrowed but refused to dismiss lawsuits by former Elan and Wyeth shareholders seeking to recoup losses from billionaire investor Steven A. Cohen and his firm SAC Capital Advisors LP. The lawsuit is over alleged insider trading in the drugmakers' stocks. U.S. District Judge Victor Marrero in Manhattan dismissed claims for Elan transactions before May 13, 2008 and Wyeth transactions before July 15, 2008, but refused to dismiss other claims. He also rejected motions to dismiss the lawsuit by Mathew Martoma, a former portfolio manager at SAC's CR Intrinsic unit who was later found guilty of insider trading, and Sidney Gilman, a professor who prosecutors said gave Martoma tips.

Point72 Asset Management Hires Seiji Onoe as Head of Operations in Japan

Point72 Asset Management has hired an executive from Goldman Sachs. Seiji Onoe, was hired as head of operations in Japan. He is expected to attend to his duties in July. In his new role, Onoe will oversee the company's Japanese staff, including fund managers and analysts.

Manhattan Federal Court Sentences SAC Capital Management Companies for Insider Trading

The United States Attorney for the Southern District of New York, announced that S.A.C. CAPITAL ADVISORS L.P. (SAC Capital LP), S.A.C. CAPITAL ADVISORS, LLC (SAC Capital LLC), CR INTRINSIC INVESTORS LLC (CR Intrinsic), and SIGMA CAPITAL MANAGEMENT LLC (Sigma Capital) (collectively, the SAC Companies), which are responsible for the management of a group of affiliated hedge funds (collectively the SAC hedge fund or SAC), were sentenced by U.S. District Judge Laura T. Swain. The District Court accepted the guilty plea entered by the defendants on November 8, 2013, and approved the parties plea agreement. The court imposed a sentence that included a criminal fine of $900 million (which is not tax-deductible), a statutory maximum five-year term of probation for each of the SAC Companies, the condition that the SAC hedge fund terminate its investment advisory business, effectively closing the hedge fund to outside investors; and a requirement that the defendants, and any successor entities, employ the compliance procedures necessary to identify and prevent insider trading; and that the defendants retain an independent compliance consultant, who will review, revise, and report to the government on those compliance procedures. Together with the settlement of the civil forfeiture action, which was approved by U.S. District Judge Richard J. Sullivan on November 6, 2013, the SAC hedge fund is required to pay an additional $1.184 billion financial penalty on top of the $616 million the SAC Companies have already agreed to pay to the U.S. Securities and Exchange Commission (SEC).

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