By Marie Cabural on January 19, 2016 11:11 am in Business Point72 Asset Management, the family office managing the assets of its founder and billionaire investor Steven Cohen, reopened an office in London. The move came three years after Mr. Cohen’s SAC Capital Advisors shut down its business operations in London amid the insider trading investigations by federal regulators in the United States. Point72 Asset Management’s new office in London is located in the Mayfair neighborhood and has six investment professionals on staff, according to the firm’s president, Douglas D. Hayes. He added that the firm could increase the number of its employees to 15 by the end of the year. The space of its office in London could accommodate around 50 to 70 people. “We think the European market has a lot of opportunities. We believe there is a lot of advantage if you’re going to have risk exposure to a market, to be local to the market,” said Mr. Hayes. He added the Point72 Asset Management continued to have “a fair bit of exposure to Europe” even after SAC Capital closed its London Office three years ago. http://www.valuewalk.com/2016/01/po...m_campaign=EMAIL_DAILY&utm_content=quick_link