Bart M. Schwartz, the outside consultant tapped by Steven A. Cohen and federal prosecutors to monitor the operations at Mr. Cohen’s new family office, has closer ties to the firm than previously known. The son of an executive at Mr. Schwartz’s nationwide compliance consulting firm is a portfolio manager at Point72 Asset Management, the firm formerly known as SAC Capital Advisors. Mr. Schwartz said that the potential conflict was disclosed to Mr. Cohen and his legal team and that federal prosecutors and all sides were comfortable with the situation. Mr. Schwartz, a former federal prosecutor, said that he disclosed the matter to the parties soon after he was approached about serving as the outside consultant for Mr. Cohen’s firm. [Dealbook]

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Comments (9)

  1. Posted by ThatsWacc | April 8, 2014 at 2:56 PM

    Doesn't the tittle on the i in "Point" technically make it 73 points?

    - Guy who sweats the small stuff.

  2. Posted by Guest | April 8, 2014 at 3:05 PM

    That's one bad name Harry.

  3. Posted by Guest | April 8, 2014 at 3:16 PM

    Fuck.

    - Point72 Senior Graphic Design Analyst

  4. Posted by Midtown Monster | April 8, 2014 at 3:20 PM

    You mean hat there, right chief?

  5. Posted by Stevie | April 8, 2014 at 3:45 PM

    I just cannot lose.

  6. Posted by Guest | April 8, 2014 at 4:02 PM

    Who's best to know about insider trading than an insider.

  7. Posted by Guest | April 8, 2014 at 4:03 PM

    Take away the "Asset Management" and it could just as easily be a weekly congregation spot for a local Stitch and Bitch.

  8. Posted by Guest | April 8, 2014 at 4:09 PM

    No need to monitor the PM son then.

  9. Posted by Hobbes | April 8, 2014 at 5:14 PM

    But if you make it Point 73 won't it be 74?

    Set iterations to 1?