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Steve Cohen’s Point72 hires Balyasny’s Jared Hade as CFO

Reported by Financial News
Aug 16, 2024· 2 min read
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Key Takeaways
  • • Jared Hade, a 18-year veteran and partner at Balyasny Asset Management, will join Steve Cohen's Point72 as chief financial officer in the second half of 2025, replacing Anthony Paquette.
  • • Hade's appointment reflects Point72's need for experienced leadership in financial operations at a time when multistrategy hedge funds face evolving capital and operational demands.
  • • The hire underscores ongoing talent mobility between elite hedge fund platforms, with Balyasny losing a senior partner to one of the industry's largest multistrategy operators.
Summary
Steve Cohen's Point72 has secured Jared Hade, a longtime partner and senior executive at Balyasny Asset Management, as its next chief financial officer. Hade, who has spent approximately 18 years at Balyasny, will transition to Point72 in the second half of 2025 to assume the CFO role vacated by Anthony Paquette, according to reporting by Bloomberg that cited an internal Point72 memo.

Hade's recruitment represents a significant hire for Point72's leadership team, bringing deep experience in financial operations and capital management from one of the industry's most respected multistrategy platforms. His tenure at Balyasny, where he held partner status, positions him as an established figure in hedge fund operations at the institutional scale Point72operates. The transition is scheduled for the latter half of 2025, allowing for an orderly handoff during a period when the multistrategy hedge fund sector continues to grapple with capital inflows, operational scaling, and evolving investor demands.

The appointment reflects broader patterns of talent circulation among elite hedge fund operators, where senior operational and financial leaders move between top-tier firms as strategic opportunities arise. Hade's move from Balyasny to Point72 demonstrates continued competitive recruitment for CFO-level roles, particularly as multistrategy platforms seek experienced executives capable of managing complex financial and operational infrastructure.

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Sources

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Financial News Steve Cohen’s Point72 hires Balyasny’s Jared Hade as CFO