point72 breakfast

Hey Guys,

I was invited to a point72 (formerly SAC) for a breakfast through linkedin. Seems like they are poaching kids. I want to do IB full time but HF is interesting too. What could this be about and does anyone know what point72 is like these days?

 
Best Response

P72 is a very solid firm. I've met like 15-20 people from a networking event and have to say I thought the culture was good. Obviously, it's very competitive and cut-throat (make $$ or out type mentality) It has multiple PMs making decisions as oppose to the one decision-maker. Great place to start a career, granted you perform. I thought they had a lot of resources/mentors than some of the other hedge funds. It seems Steve is still pretty involved in the process. A more trading-oriented L/S fund than other funds. I thought it was interesting that they trade a lot of short-term as well as long-term ideas. I believe most of the operations is in Greenwich, but I've heard it's somewhat easy to use the NYC office as well.

 

I'll say two things:

  1. Ridiculous comp- They make banker pay look like paltry allowance money from Uncle Blankfein even at the junior analyst level.

  2. Everyone seemed really nice and they are trying to home grow talent. They hired a FT professor to train the incoming analyst class and developed a very rigorous curriculum.

Pennies from JcPenny
 

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