(Bloomberg) Steve Cohen is revamping his big data operation again at Point72 Asset Management. The hedge fund named Kirk McKeown to a new position of director of proprietary research to oversee three different groups: Aperio, Data Sourcing and Strategy, and Point of the Spear, according to a person with knowledge of the firm. Point72, which makes long and short equity bets, aims to improve collaboration across the units that deliver trading insights to the firm’s money managers. Point72, which has been raising money from outside investors after a two-year ban, has struggled along with other hedge funds in turning big data into big profits. Cohen’s firm has been pushing to improve collaboration between scientifically minded quants and managers who rely more on experience to read markets.

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