A senior leader is out at Cubist, Point72's quant division, after months of losses

Billionaire Point72 founder Steve Cohen also owns the New York Mets. Frank Franklin II/AP Senior leader Issam Bazzi is leaving Point72's quant unit, Cubist, after three years. Bazzi's team had been in the red, with trading losses in the tens of millions. The change comes several months after a shake-up at the top of Cubist. A senior leader at the quant division of $46 billion hedge fund Point72 Asset Management is leaving the firm, according to people familiar with the matter. Issam Bazzi, ...