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]
Point72 Asset Management's Pitch To Talent: Hey, Bro, Wanna Fleece?
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