Cohen Loses Another Top Trader Before Hedge Fund Launches

(Bloomberg) One of Point72 Asset Management’s senior staff — Jeff Miller, co-head of U.S. trading — has left the firm, according to people familiar with the matter who asked not be identified. Miller had spent more than a decade working for Cohen. He follows global head of trading Phil Villhauer, who, as Bloomberg News reported in October, was leaving after 15 years. Cohen’s new hedge fund is expected to start next month with about $3 billion in outside money, and will close to new capital in March, the people said. About 20 institutions will invest in the fund, each writing checks of about $100 million.

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