Point72 Adds JPMorgan Healthcare Manager

Jul 24 2014 | 7:40am ET

The family office formerly known as SAC Capital Advisors has hired a JPMorgan Asset Management portfolio manager.

Point72 Asset Management told its staff yesterday that Scott Braunstein will join the firm as a money manager. He’ll work at the firm’s stock-trading unit, EverPoint Asset Management, in New York, beginning in October.

Braunstein has been co-portfolio manager of JPMorgan’s Global Healthcare Fund since its debt five years ago. A former doctor and the brother of bank vice chairman Doug Braunstein, Scott focuses on biotechnology and pharmaceutical stocks—the sort of investments that got SAC into trouble in recent years, fueling the insider-trading scandal that saw the firm plead guilty to fraud charges and cease managing outside capital.

All told, Braunstein spent a dozen years at JPMorgan Asset Management, which he joined from Deutsche Bank.

At Point72, Braunstein will work alongside Anna Yaeger, the firm said.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...