Point72 Creates Scholarship for Minority Interns at Its Academy

(Bloomberg) -- Steve Cohen’s hedge fund plans to offer scholarships for Point72 Academy summer interns with black, Latino or Native American heritage.

The scholarship will give undergraduate interns $20,000 for educational expenses on top of the pay they receive during the 10-week Academy program, according to Point72 Asset Management spokesman Mark Herr. The goal is to award at least two scholarships a year beginning with applicants for the summer of 2019, and is modeled after a similar offer for women launched for this summer. The academy prepares students to become analysts.

©2018 Bloomberg L.P.