Suffice it to say there are neither safe nor, frankly, good jobs at either of the two major Swiss banks these days. That is, with one exception: their internal hedge funds. Everyone else at UBS—which may or may not have any idea what it even is anymore—has to make all manner of human and other flesh sacrifice before bringing in new blood to eventually be sacrificed again in turn, but not UBS O’Connor, unless a couple of Steve Cohen protégés have made a terrible mistake.

UBS Group’s hedge fund business has hired Ken Geren, a former portfolio manager at Steven Cohen’s Point72, as chief investment officer of its newly formed absolute return strategy…. Geren will oversee a team that includes Gary Lisiewski, a managing director for capital markets and trading who also previously worked at Point72.

UBS Hires Ex-Point72 Money Manager as CIO of New Hedge Fund Strategy [II]



Point72 Basically A Fund Of Funds At This Point

An ex-SAC subadvisor is turbocharging the Big Guy’s not-terribly-impressive returns.

Getty Images

Woman Suing Point72 For Gender Bias May Be Last Woman Working At The Firm

We kid! It’s three steps forward and only two back for gender balance at the Big Guy’s house.

By Chris Potter (Flickr: 3D Judges Gavel) [CC BY 2.0], via Wikimedia Commons

Highland Capital Not Alone In Not Having To Pay Huge Judgments Against It

Alas, the former hedge fund’s not going to like this one as much as the others.

Steve Cohen Is A Quant Now

Well, he's not, but 30 of his new employees are.


Who’d Like To Give Jamie Dinan Even More Time To Lose Their Money?

York Capital is going private equity because the hedge fund thing is not working out.

Photo: Getty Images.

What Credit Suisse Lacks In Money Lost On Archegos It Makes Up For In Ominous Requests For Information

The Justice Department and Prudential Regulation Authority have some questions.