(Bloomberg) -- Steve Cohen’s hedge fund, Point72 Asset Management, named Dan Lota as head of U.S. trading.
Billionaire Cohen returned to managing client money earlier this year, raising $3 billion, after a U.S. ban on him trading outside capital was lifted. Cohen’s former hedge fund, SAC Capital Advisors, pleaded guilty in 2013 to securities fraud and paid a record $1.8 billion fine to the government.
In February, Cohen, Point72 and its former president, Doug Haynes, were accused by an employee of discriminating against women and promoting a culture of sexism. Point72 denied the allegations.
©2018 Bloomberg L.P.