All articles tagged with #point72
Originally Published 24 days ago — by Bloomberg.com
Point72 Asset Management is making its largest-ever initial investment in a departing star trader, Alex Silverstein, to support his new hedge fund, Sirenia Capital Management, reflecting the firm's strategy to back successful traders in their independent ventures amid a competitive talent war.
Originally Published 6 months ago — by Financial Times
Major hedge funds like Millennium Management, Point72, and Third Point are expanding into private credit to diversify their offerings, target higher returns, and attract long-term capital, with new funds and strategies aimed at lending directly to businesses and competing with established private credit firms. This shift reflects a broader trend of asset managers displacing banks as lenders, amid intense competition and growing market interest, with projections suggesting the private credit market could reach $3 trillion by 2028.