Point72 plans to double Japan workforce and capital allocation
Point72 Asset Management plans to roughly double the size of its Japan operation to around 100 employees while increasing the amount of capital it deploys in the country, as corporate governance reforms and shifting market dynamics create new opportunities for investors.
Point72 Asset Management intends to substantially increase its workforce and capital allocation in Japan, aiming to expand its presence in the country. The hedge fund, established by billionaire Steve Cohen, targets a workforce expansion to approximately 100 employees, with a focus on various investment strategies. These strategies include fundamental equity research, macro, and quantitative approaches.
Shinji Ogawa, head of Point72's Japan business, expressed the firm's intention to cover more sectors in Japanese equities, citing unexplored opportunities in the market. As of July, Point72 managed assets worth $58.5 billion, and the company has been active in Japan since opening its Tokyo office in 2011. To support its growth, Point72 is investing heavily in training and recruitment, including hiring an internal trainer and a recruiter for its graduate development program.
The expansion will not be limited to equities; the firm is seeking specialists in macro and quantitative analysis to capitalize on opportunities arising from fluctuations in Japanese bonds, currencies, and equities.
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