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.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: trtworld - 🏆 101. / 63 Read more »