Point72 Asset Management’s systematic arm, Cubist Systematic Strategies, is ramping up its recruitment efforts, investing tens of millions of dollars to attract PhD graduates, quants from hedge funds, and high-frequency trading (HFT) experts, according to a report by Business Insider.
Recent notable additions to Cubist include Aayush Sharma, a senior quantitative trader, who joined from Tower Research Capital after 12 years working on HFT strategies. Sharma previously developed high-frequency algorithms at Deutsche Bank.
Ribhav Gaur, a quantitative researcher, who transitioned from Balyasny’s commodities team is another recent recruit. A 2023 MIT MFE graduate, Gaur previously worked on natural language processing at Millennium spinoff WorldQuant, while Rohan Prasad, a quant developer, joined Point72 after roles at Jump Crypto, Citadel, and systematic crypto HFT firm Pattern Research. Taoan Huang menwhile, who previously interned with Meta’s AI team and Amazon’s robotics division, is now part of Cubist’s equity alpha research team.
While Cubist is expanding, it has also experienced some notable departures with Vibhav Bukkapatanam, who joined last year from Citadel Securities to lead Cubist’s HFT division, leaving the firm in October.
