Point72 founder Steve Cohen told staff in a memo in early March that Ross Garon would be retiring from the firm.Ross Garon, the leader of Steve Cohen's quants, is joining Izzy Englander's Millennium, sources tell Business Insider.Garon is close with Millennium co-CIO Bobby Jain, sources say. Steve Cohen's quant leader is joining one of Point72's biggest competitors, according to sources.
Ross Garon, the head of the firm's quant unit, Cubist, is set to join Izzy Englander's Millennium, sources tell Business Insider.in a memo in early March that Garon would be retiring from the firm in the coming months. The memo stated that Garon would assist in finding his replacement.
Prior to joining Cohen's firm in 2009, Garon worked for D.E. Shaw, one of the other prestige quant hedge funds in the industry, and founded his own fund, Tykhe Capital, which was named after the Greek god of fortune. This is not the first time a former top quant of Cohen's has joined forces with Englander. Neil Chriss, who left Point72's predecessor in 2009 to start Hutchin Hill, received backing from Millennium to start another quant fund in 2017.
Source: News Formal (newsformal.com)
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