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Steven Cohen's Point72 Is Accused of Sexism in Workplace


Lauren Bonner, an associate director at the firm, also accused President Doug Haynes of using an inappropriate term on a white board in his office and leaving it there for weeks, according to the complaint filed in federal court in New York on Monday.


Haynes, a former McKinsey & Co. director, was hired in 2014 and led efforts to revamp Cohen’s business after it pleaded guilty to securities fraud and paid a record fine.


Our female investment professional workforce exceeds published industry averages -- a direct result of our concerted and sustained focus on promoting diversity at Point72.”


Until January, Cohen had been banned for two years from trading client money after his old hedge fund agreed in 2013 to pay a $1.8 billion fine to U.S. authorities.


Cohen returned client money as part of that settlement and the firm’s name was changed to Point72 from SAC Capital Advisors.


Bonner’s accusations come as the #MeToo movement spreads across industries, prompting women to share their stories of sexual misconduct and gender inequity.


Last year, Ray Dalio, the billionaire founder of Bridgewater Associates, defended his top executive Greg Jensen from allegations of a personal relationship with a female employee, saying he’s a “man of high character.” Fidelity Investments fired two prominent money managers over sexual-harassment claims , while State Street Corp. agreed to pay $5 million to settle federal allegations that it paid 300 female executives less than their male colleagues.




READ MORE (Bloomberg)


  • Lawsuit Accuses Cohen's Point72 of DiscriminationBarron's
  • Steve Cohen's fund sued over 'sexist and misogynist' treatmentFinancial Times
  • Lawsuit claims Steven A. Cohen's firm Point72 is hostile to womenReuters
  • Steven Cohen's Investment Firm Accused of Hostility to WomenNew York Times
  • Steven Cohen's hedge fund firm discriminated against women who were underpaid ...New York Daily News
  • Steve Cohen's hedge fund a cesspool of misogyny: lawsuitNew York Post
  • Report: Point72 hit with discrimination lawsuitThe Advocate
  • A female executive at Steve Cohen's investment firm says it created a hostile ...Business Insider
  • Steven Cohen's investment firm accused of sexism and pay discriminationAxios


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Steven Cohen's Point72 Is Accused of Sexism in Workplace

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