Point72 has new PMs spend six to nine months non-trading before running capital
Matthew Granade · Matthew Granade – Inside Data Science at Point72 (First Meeting, EP.22) · Aug 3, 2020 · at 29:13
Matthew Granade, Chief Market Intelligence Officer at Point72, explains how the firm trains and equips discretionary portfolio managers with data and tooling before allocating live capital.
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“We have a program called the nines program where people join to become PMs and they have some period of time, six to nine months where They're not trading money. They're building their process. And we invest a lot during that time. They're always experienced investors. They've invested before. So they're, so maybe it's more accurate. They're rebuilding their process here. We invest a lot so that they can use our research platform and all these tools in their process before they start trading money.”
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