Point72 Adds Two Economists
Posted by Colin Lambert. Last updated: July 27, 2022
Hedge fund Point72 Asset Management has expanded its economics team with two hires in London and New York. Sophia Drossos joins as economist and strategist based in New York, while Soeren Radde has been added to the firm as head of European economic research, based in London.
Drossos will cover US and global economic and policy developments, while Radde will analyse and forecast the euro area and UK economies. They join Point72’s existing team of economists, led by head economist Dean Maki, and also including Joy Yang, the firm’s head of Asian economic research based in Singapore.
Drossos has spent more than two decades as an economist and researcher. Prior to joining Point72, she served as head of research at Light Sky Macro and held similar positions at Thiel Macro and Element Capital Management. Previously, she was co-head of currency research at Morgan Stanley, as well as a senior investor in the bank’s Global Macro and Asset Allocation division. Earlier in her career, Drossos was the chief dealer at the Federal Reserve Bank of New York, where she oversaw and planned open market operations and provided financial market analysis for Federal Open Market Committee and US Treasury officials. She began her career as an analyst at the US Department of State.
Radde most recently led coverage of the European Central Bank (ECB) and was the economist responsible for Germany forecasting and political commentary at Goldman Sachs. Prior to Goldman, he spent over five years at the ECB, where he was an economist in the Monetary Policy Strategy Division. In that role, he briefed the ECB’s Governing Council and senior management on the monetary stance and policy options, conducted research into the transmission of monetary policy measures, and contributed to speeches of executive board members. Earlier in his career, he held roles at the German Institute for Economic Research in Berlin, the IMF in Washington, and the European Commission in Brussels.
“With Sophia and Soeren’s arrivals, we have significantly boosted our economic forecasting and analysis capabilities, adding to the support we offer our global teams of investment professionals at a time when macro factors are affecting asset prices perhaps more than ever,” says Maki.