Point72 Macro Head Poaches From Citadel, Goldman in Hiring Spree

Mohammed Grimeh is rapidly expanding his macro team at Point72 Asset Management, tripling the number of portfolio managers to more than 30, with plans to bring on more.

Grimeh, who has been on a hiring spree since joining the firm in February 2020, has snapped up nine new portfolio managers so far this year, according to a person familiar with the matter. Three of them hail from rivals Citadel and ExodusPoint Capital Management and two come from Goldman Sachs Group Inc.

A spokeswoman for Steve Cohen’s Point72, which managed $22.1 billion as of April 1, declined to comment.

Point72 started as a multi-strategy fund before focusing mostly on stock-picking. The Stamford, Connecticut-based firm recently has been pushing into macro investing, which bets on economic trends and has benefited from pandemic-induced volatility.

One of the new hires will work from the firm’s new office in West Palm Beach, Florida, which opened this month and can accommodate at least 20 people. Point72’s Miami office, with room for at least 25 employees, is expected to open later this year, the person said.

The firm also expects to hire additional macro portfolio managers in its Florida and Paris offices because candidates said they would prefer to work there, the person said, asking not to be identified discussing personnel moves.

Here are Point72’s newest macro portfolio managers:

NamePrevious FirmOffice Location
Jason KaplanNWI ManagementNew York
Benjamin StoneGoldman SachsNew York
Dimitrios PagonakisCitadelNew York
Alex McNeelKLS Diversified Asset ManagementNew York
Reda El KhayatiAristeia CapitalStamford
Darren DesRochesGoldman SachsWest Palm Beach
Derek ArnoldCitadelLondon
Jacob WestinExodusPoint Capital ManagementLondon
Omar TaziHSBCHong Kong

©2021 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.