Point72's strategy leader exits as Steve Cohen's $41.5 billion fund rolls out new businesses

"Point72's chief strategy officer is no longer at the $41.5 billion hedge fund. James Malick, who joined Steve Cohen's firm in 2023, departed the asset manager this week, two people familiar with the matter told Business Insider. Malick did not respond to requests for comment, while Point72 declined to comment. Malick joined from Izzy Englander's Millennium, which also recently lost an executive focused on strategy, Alexander Campbell, Business Insider previously reported. Like Campbell, Malick came to the hedge-fund world after a stint at Boston Consulting Group."

"A person close to the firm said Malick was a member of the firm's senior leadership team, responsible for reviewing new business opportunities and leading strategic initiatives. Malick states on his LinkedIn profile that he was also an advisor for the MLB's New York Mets, the baseball team owned by Cohen. He will no longer be consulting for the team, the person said."

"Point72 has expanded into new areas in recent years. The firm launched a private credit business as well as a fund dedicated to investing in the artificial intelligence trend, known as Turion. This year, the manager launched an additional equities vertical, Valist, to improve access to corporate C-suites. And, as Business Insider previously reported, Cohen told his firm's backers that commodities may be the next area of expansion for the firm."

James Malick departed Point72 this week after joining the firm in 2023. He came from Izzy Englander's Millennium and had a background at Boston Consulting Group. He served as chief strategy officer and was part of Point72's senior leadership team, overseeing review of new business opportunities and leading strategic initiatives. He also served as an advisor to the New York Mets and will stop consulting for the team. Point72 has expanded into private credit, launched an AI-focused fund called Turion, added an equities vertical Valist, and is considering commodities as another growth area.

Read at Business Insider