Connect with us

Hi, what are you looking for?

Jewish Business News

Financial Research

Investor Steve Cohen Is Pulling College Graduates into his Hedge


Steve Cohen, who once ran one of the most successful hedge funds in the world until he was brought down on insider trading charges, is looking for young blood for his firm Point72, as reported by Business Insider. Cohen pleaded guilty to insider trading just 16 months ago, and now is restricted to managing only his personal fortune of $10 billion in a new entity, Point72. He is interested in hiring college graduates rather than seasoned professionals with impressive resumes, to work at his fund. One reason is that the graduates can be trained to work according to Cohen’s unique style, which involves intensive research and a detailed approach to picking stocks. Secondly, the hires with stellar resumes often leave the firm and start funds of their own before long.

Even though Cohen is allowed to manage only his personal fortune, this takes up a great deal of time, as he has a staff of 850. The culture of Point72 has changed drastically; when the fund started, 80% of those hired came from other firms. Now, two-thirds are relatively new to hedge funds, and may be right out of college. Representatives from Poin72 are going to college campuses to recruit soon-to-be graduates looking for a promising career in finance.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.