A Morgan Stanley trader has run away to join Steve Cohen. :
In theory, Point72 doesn’t think traders from banks are up to much. Jonathan Jones, head of investment talent development for the family office-turning hedge fund set up by trading “legend” Steve Cohen, said last month that Point72 has to put the people it hires from banks through additional training because banks’ own training programmes are so superficial. This applies as much to people who’ve spent a year in banking as to those who’ve spent five years, Jones said.