Point72 Talent Losses Effectively Close Boston Office

Recent departures from Point72 Asset Management, formerly SAC Capital Advisors, has effectively closed the Boston office and the firm is having difficulty retaining and attracting employees, according to a press report. As VW previously noted, one firm picking off employees from Point72 is Balyasny Asset Management.

SAC Capital Advisors and its founder, billionaire Steven A. Cohen, were subject of a series of insider trading charges that effectively tainted the firm and pushed it to transform into a private family office from a hedge fund offering investments to the qualified public.