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The 2016 Hedge Fund Rising Stars: Maureen Chang

Chang needs to wow her boss, Point72 Asset Management chairman and CEO Steven Cohen, with the talent she finds.

Maureen Chang
Point72 Asset Management

Speaking at the annual Milken Institute Global Conference in Los Angeles this May, hedge fund manager Steven Cohen remarked on the scarcity of top traders and investors. “Frankly, I’m blown away by the lack of talent,” said the founder, chairman and CEO of Point72 Asset Management. “It’s not easy to find great people. We whittle down the funnel to maybe 2 to 4 percent of the candidates we’re interested in. Talent is really thin.”

At Point72, Cohen’s approximately $11 billion family office, it’s Maureen Chang’s job as a director in investment talent development to assist with identifying those 2 to 4 percent who make the cut for a seat on the investing team at the Stamford, Connecticut–based firm.

Chang, 35, began her own Wall Street career at Merrill Lynch & Co. After earning an economics degree from Tufts University in 2003, the Worcester, Massachusetts, native moved to New York. Chang, whose parents are small-business owners, first worked for a technology start-up and for financial services data provider Dealogic. But she soon followed her older brother into banking, getting a job in equity research at Merrill Lynch in New York, where she reported to an analyst who covered investment banking.

Despite winning a promotion to associate, Chang recognized that life as an equity analyst — following one group of companies forever — wasn’t for her. In 2007 she switched to specialty sales, staying in that role through the global financial crisis and after Bank of America Corp. acquired Merrill Lynch as part of the government-brokered emergency measures of late 2008 aimed at fending off a broader collapse of the investment banking industry. The merger resulted in a surfeit of people in several roles, and Chang was among those who found themselves on the outside. She quickly landed a post in institutional equity sales with independent broker-dealer ISI Group in New York, where she stayed before moving to Point72 early last year. Cohen is counting on Chang to help build up his bench.

Visit the 2016 Hedge Fund Rising Stars: Ivy League Schools Pave the Way for more.

Hedge Fund Rising Stars of 2016

Jessye Ball
Millennium Mgmt
Sarah Berner
Aristeia Capital
Jenna Bussman-Wise
AIG Investments
Maureen Chang
Point72 Asset Mgmt
Dennis Chenfu
Charles Dufresne Jr.
Sciens Capital Mgmt
William Freda
Graticule Asset Mgmt Asia
Samantha Greenberg
Margate Capital
Mark Gurevich
Ropes & Gray
Tal Gurion
Mariner Glen Oaks
Craig Huie
University of California
Yusef Kassim
Blue Harbour Group
Florian Kronawitter
White Square Capital
Vikram Kumar
TT International
Brandon Levin
Jana Partners
Jonathan Levin
George Weiss Associates
Brett Minarik
Ian Monroe
Etho Capital
Jason Morrow
Utah Retirement Systems
Pierre-Adrien Nicolas
Squarepoint Capital
Jamie Pabst
Green Owl Capital Mgmt
Parag Pande
Blackstone Group
Agata Praczuk
Max Saffian
Fortress Investment Group
Matt Satnick
MSD Partners
Eric Singer
Viex Capital Advisors
Katina Stefanova
Marto Capital
Reginald Tucker
New York State Common Retirement Fund
Michael Wang
Cypress Funds
Sean Wygovsky
Polar Asset Mgmt Partners

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