July 24, 2014 / 12:01 AM / 3 years ago

MOVES-Point72 Asset Management hires Braunstein from JPMorgan -Bloomberg

July 23 (Reuters) - Point72 Asset Management LP, the firm renamed by Steven Cohen after he shut down SAC Capital Advisors LP, has hired Scott Braunstein from JPMorgan Chase & Co, Bloomberg reported on Wednesday.

Braunstein will join as a money manager and will work at the firm's EverPoint Asset Management LLC unit in New York, Bloomberg said citing an employee memo sent on Wednesday.

Braunstein had informed JPMorgan Asset Management of his decision to leave the firm in June, according to a statement on the company's website. He had served as the co-portfolio manager of the Global Healthcare Fund. (bit.ly/1kVYxmI)

Reporting by Bangalore Newsroom; Editing by Lisa Shumaker

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