Point72 Hedge Fund Names Dan Lota as Head of U.S. Trading

(Bloomberg) -- Steve Cohen’s hedge fund, Point72 Asset Management, named Dan Lota as head of U.S. trading.

Lota, who has worked for Cohen for 15 years, was acting head of U.S. trading for the past six months, the Stamford, Connecticut-based firm said in a statement Tuesday. Phil Villhauer, who was global head of trading, left Point72 last year.

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.

Read more on changes at Point72 here

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.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net.

To contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, Melissa Karsh

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