Hedge Funds: Coronavirus Hits Point72 Management

March 10, 2020 | Hedge Funds, News
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Coronavirus has hit one of Wall Street’s top financial shops. Multiple media outlets report that an employee at Point72’s Hudson Yard’s office has contracted Covid-19. The Wall Street Journal was the first to report the news, citing an internal email from the fund.

The email says that the employee,who reportedly works in the firm’s back office, is “self quarantined at home, safe, and receiving ongoing care.”

The hedge fund has also conducted a deep cleaning of its office. The fund also requested that employees who worked on the 14th floor over the last two weeks work from home.

Coronavirus and Point72

Meanwhile, the hedge fund employs about 1,500 people in 10 countries.

“The health and safety of our employees is a top priority, and we are taking the COVID-19 situation seriously,” the company said.

“In addition to working closely with state and local health departments, we are taking precautions and preventive measures to protect our employees and maintain a healthy work environment.”

“We have extensive business continuity plans in place to ensure the Firm can continue to operate.”

Finally, New York City has experienced a large uptick in coronavirus infections. In addition, the state has quarantined a one-mile area of New Rochelle, New York out in Long Island.

Related: Artificial Intelligence: Alibaba’s AI System Detects Coronavirus With 96% Accuracy

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