A senior executive at Cubist Systematic Strategies – the quant division of $46bn hedge fund Point72 Asset Management – is leaving the business after a challenging run of performance, according to a report by Business Insider.
Issam Bazzi, who helped develop a centralised trading unit at Cubist, departs following nearly three years at the firm. His team reportedly faced months of losses, including a drawdown of around $70m so far this year.
Bazzi’s exit follows a previous leadership overhaul at C...
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