Point72 Asset Management is expanding its Asia operations with the addition of two portfolio managers in Hong Kong from Symmetry Investments, as the $35bn hedge fund firm looks to capitalise on broader economic trends, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as confirming that Wang Kai and Koh Ushijima are set to join Point72 in the second half of 2025.
Under the leadership of Mo Grimeh, head of Point72’s global macro unit, the firm has significantly grown its investment teams, which will total 51 by March 2025, marking a fivefold increase since Grimeh joined the firm in 2020.
The hedge fund industry, including firms like Millennium Management, has been adding macro traders in response to the recent volatility in interest rates and currencies, which have created new trading opportunities.
Symmetry, a $13bn macro hedge fund firm spun out of Millennium Management in 2014, has also expanded its investment team by more than a third in the last two years.
Wang previously led European inflation trading at Citigroup in London before joining Symmetry in 2019, while Ushijima has been with Symmetry for over five years.
In addition to the Hong Kong hires, Point72 is bringing on Jay Wells and Antoine Tan to its macro business in early 2025. Wells will be based in West Palm Beach, Florida, while Tan, who most recently served as deputy chief investment officer at Annapurna Capital Management – a macro hedge fund launched in 2023 – will work from New York.
Both previously worked at III Capital Management, a $5bn multi-strategy firm based in Boca Raton, Florida.
Additionally, Stergios Pantostis, formerly a portfolio manager at Moore Capital Management, join Point72’s team in Dubai.
