Point72's strategy leader exits as Steve Cohen's $41.5 billion fund rolls out new businesses

Company Overview - Point72's chief strategy officer, James Malick, has departed from the $41.5 billion hedge fund after joining in 2023 [1][6] - Malick previously worked at Izzy Englander's Millennium and was part of the senior leadership team responsible for reviewing new business opportunities and leading strategic initiatives [2][6] Recent Developments - Point72 has been expanding into new areas, launching a private credit business and a fund focused on artificial intelligence called Turion [4] - The firm also introduced an equities vertical named Valist to enhance access to corporate C-suites, with potential future expansion into commodities as indicated by Steve Cohen [4] Industry Context - Corporate strategy roles are still relatively uncommon in the $5 trillion hedge fund industry, but there is a trend of firms, particularly multistrategy managers, hiring talent from consultancies and banks for management and non-investing roles [5]