Point72 hedge fund analyst training program and lateral hiring - Business Insider

This story requires our BI Prime membership. To read the full article,Steve Cohen's Point72 Asset Management has put an emphasis on career development, according to Jaimi Goodfriend, the firm's head of investment professional development.

For analysts on the cusp of becoming a portfolio manager, the firm has a program known as the Nines, which focuses on managing people and risk as the head of a team, according to Jonathan Cain, a managing director at the firm. Click here for more BI Prime storiesGoing from fresh-out-of-college, brand-spanking-new analyst to running an investment team as a portfolio manager at Steve Cohen's Point72 isn't a linear path with obvious checkpoints.

The Academy started as something only for recruits just out of undergrad, but has now expanded to more young people starting their career in the investment management space. Many will have banking backgrounds, but Goodfriend said the firm has had a recruit that used to work at the White House and currently has a Navy SEAL in the Academy.

"We need senior analysts to be successful at this firm," she said, noting that people take pride in being seen as an expert in their field. It's not the only way to become a portfolio manager at Point72. If a portfolio manager is brought in from outside the firm, they don't need to go through the program, which takes months on average, according to Jonathan Cain, a managing director at Point72 who helps run the Nines.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

'Paranoia' about Amazon could help Microsoft catch up, analyst says - Business InsiderFrom Walmart picking Microsoft Azure to last year's Capital One breach, an analyst says Amazon has a few big weaknesses that Microsoft could target.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Of 4 tax software programs, TurboTax gets me the biggest refund - Business InsiderWhile it isn't the cheapest around, using TurboTax last year got me a much higher refund than I would have had with other apps I tested.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Top business news this week: Deloitte upskilling, Tesla marketing - Business InsiderOur top stories this week, including Walmart's ad strategy, the top VC firms in the cannabis industry, and Wall Street's most accurate analysts.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

A SoftBank partner described WeWork a 'very, very good' business - Business InsiderA SoftBank partner described WeWork a 'very, very good' business lol
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Samsung appoints new mobile chief as competitor chips away at market shareThe South Korean firm also promoted the head of its network equipment business, which analysts said got a lift from a US campaign to convince allies to bar Huawei from their networks.
La source: trtworld - 🏆 101. / 63 Lire la suite »