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The talent war between the industry’s biggest hedge funds is not just over investing professionals — even if they’re the ones being lured with nine-figure pay packages.
Firms are also raiding each other for operations, human capital, and technology leaders. The latest big move is Jennifer Cohen’s decision to join $38 billion Point72 from Schonfeld Strategic Advisors.
Cohen has been the head of human capital management for Steve Schonfeld’s eponymous fund since 2022. According to an internal Point72 memo seen by Business Insider, she’ll join Steve Cohen’s fund in January as the firm’s chief human resources officer.
“Jenn will play a pivotal role in advancing our human resources strategy, focusing on enhancing talent management, supporting organizational growth, and reinforcing our culture of excellence,” wrote Gavin O’Connor, Point72’s chief operating officer, in the memo.
“She is uniquely positioned to lead these efforts, bringing a data-centric and process-oriented approach honed over 25 years of experience across business operations and human capital.”
Cohen worked at private equity firm Global Atlantic and Goldman Sachs before joining Schonfeld. At the multistrategy fund, she was a part of the leadership group that guided the manager through an unsteady 2023 that included takeover rumors by rival Millennium and ultimately culminated in the layoff of 15% of the firm’s total workforce.
The manager has since rebounded, with strong performance in 2024 and so far in 2025.
Point72 has a larger head count than Schonfeld, with more than 2,900 total employees, according to the Stamford-based manager’s website.
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