Steve Cohen's Point72 is bullish on Asia — and they like these sectors [CNBC]
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Source: CNBC
Steve Cohen's Point72 is bullish on Asia and likes these sectors Steve Cohen's Point72 is aggressively expanding in Asia. The firm, which has more than 1,250 employees globally and $12 billion in assets under management, recently opened a larger office in Hong Kong , which can accommodate more than 160 employees — an increase from about 60 employees at the end of 2015. It has recently expanded its Singapore and Tokyo offices, too. This year, Point72 raised $3 billion from outside investors. The firm had been barred from accepting outside money in the wake of a settlement Cohen made in 2016 with the Securities and Exchange Commission. CNBC visited the firm's new digs in Hong Kong, which is outfitted with a pool-table in its pantry, and includes free snacks, a massage room, air-quality monitoring and — similar to other Point72 offices — is decked out with Steve Cohen's personal art collection. Marc Desmidt, Point72's CEO of International, likes two sectors in China in particular. "The e
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