McKeown, who joined the firm in 2012, was previously head of a fundamental research unit that also provides products to managers. Point72 will name a new head for Point of the Spear in the next few months who will report to McKeown, said the person.
As part of the revamp, McKeown also oversees Aperio, whose team of hardcore technologists clean, tag and analyze data sets that number in the hundreds. The data sourcing group is also McKeown’s responsibility.
After some stumbles, Point72’s marriage of science and trading is gaining traction. A few years ago only a handful of managers were embracing quant tools, the person said. Now most of them do.
This article was provided by Bloomberg News.