Hedge fund Point72 sets up new leadership committee, shows memo

- Hedge fund Point72 has appointed a new executive committee, showed a memo from founder Steve Cohen and seen by Reuters on Thursday.

The group will partner with Cohen to oversee the strategy and direction of the firm, said the memo.

Cohen will chair and continue to operate as chairman, CEO and co-CIO of the $50 billion, multistrategy hedge fund. Others on the new committee will include Harry Schwefel as president and co-CIO, Gavin O’Connor, Vincent Tortorella, and Michael “Sully” Sullivan.

The note added that Schwefel, who joined the firm as a portfolio manager in 2008, will work with Mo Grimeh, head of global macro and Geoffrey Lauprete, head of Cubist Systematic Strategies, the quantitative investing arm of Point72.

Overall headcount at the firm as of January was over 3,000.