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Billionaire Steve Cohen Focuses New Stamford Fund On Quantitative Investing

STAMFORD, Conn. – Since Steve Cohen of Greenwich founded the investment firm Point72 Asset Management in Stamford, about 30 employees have been hired to get a better grasp on quantitative investing, according to Bloomberg Business.

Steve Cohen

Steve Cohen

Photo Credit: File

Point72 was founded after Cohen's SAC Capital was shut down and required to pay fines for an insider trading settlement, the report said. The firm is still looking to hire an employee to manage the project, reported Bloomberg Business.

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