Point72 is a global asset management firm led by Steven A. Cohen that invests in multiple asset classes and strategies worldwide. We are constantly pursuing innovation in our investing processes to deliver on our mission of producing superior risk-adjusted returns.
Since inception, our firm has been driven by the constant search for new ideas as we have expanded across strategies, geographies, and opportunities for talent.
Steven A. Cohen founds SAC Capital
After starting his investing career at the brokerage firm Gruntal & Co., Steve Cohen founds SAC Capital with $20 million of AUM, based in New York.
Firm begins investing using quantitative strategies
With the hiring of our first quantitative PM, the firm begins applying quantitative strategies to investing. In 2003, the systematic business expands into what is now Cubist Systematic Strategies.
The firm establishes headquarters in Stamford, CT. In 2002, SAC moves to 72 Cummings Point Road in Stamford overlooking the Long Island Sound, a campus setting where the business is still located today.
The firm opens its first international office in London, reflecting the evolution to a global business. Our European expansion continued with the opening of offices in Paris (2017) and Warsaw (2020).
Firm expands to the Asia-Pacific region
The firm opens an office in Hong Kong, which becomes the center of a durable and ever-growing presence in the Asia-Pacific region. We continued to grow in Hong Kong through the global financial crisis, and subsequently expanded into Singapore (2009), Tokyo (2011), Sydney (2018), and Taipei (2019).
Cohen family office launches
Steve Cohen establishes Cohen Private Ventures to manage his personal and family investment activities.
Steve Cohen settles regulatory matters and transitions to Point72 as a family office exclusively managing the assets of Steve Cohen, his family, and eligible employees.
April 7, 2014
Point72 Asset Management founded
The firm formally adopts the name Point72 Asset Management and affirms its commitment to ethics and integrity by developing a Mission and Values statement and building a best-in-class Compliance program.
Firm forms Community Matters, as philanthropic arm of Point72
Point72 Academy launches with inaugural class
The firm launches the Point72 Academy to train undergraduates as fundamental long/short investment analysts. The Academy has since expanded globally and now includes programs for sector specialists, candidates from nontraditional backgrounds, and early–career professionals.
January 8, 2016
Steve Cohen resolves administrative case with SEC
Point72 Founder Steve Cohen resolves administrative proceeding with the SEC.
Point72 Ventures, a global venture capital strategy funded exclusively by Steve Cohen and eligible employees of Point72, launches focused on investing in fintech startups. The business expands, first into themes of artificial intelligence and machine learning investments (2017) followed by enterprise investments (2018).
January 1, 2018
Stamford Harbor Capital and Point72 merge to become Point72, a Registered Investment Advisor with the SEC
Point72 begins accepting outside capital in February and raises $5.76 billion over the course of 2018.
Point72 establishesOffice of Inclusion and Engagement
Point72 names Jeanne Melino as the firm’s Chief Inclusion and Engagement Officer, responsible for strengthening firm culture and promoting a more diverse and inclusive workforce.
Point72 Hyperscale, our inaugural private equity strategy that uses applied AI to build and modernize market-leading companies, launches with two initial investments. In 2021, we finalized a successful $600 million external capital raise for the fund.
By 2020, Academy graduates made up more than one-third of analystsin our long/short equity business. Since launching, the Academy emerges as a key source of diverse talent and Academy grads represent more than half of the women in our long/short business.
Steve and Alex’s charitable gifts now exceed $1 billion across underserved communities, children, the arts, sustainability, and psychedelic health research.
Firm celebrates 30 years of innovation
After launching with one strategy and ~$20 million in AUM in 1992, by June 2022 the firm had grown to more than 1,800 employees across 18 global offices managing more than $24 billion.
Driven by our Mission and Values, we are dedicated to contributing to a more just and sustainable world and focused on nurturing our inclusive and community-driven culture. We welcome all employees to join our affinity groups and to give back through our Community Matters volunteering opportunities.