Steven Cohen

President of billionaire's firm resigns amid sexism lawsuit

The president of billionaire Steven Cohen's investment firm in Connecticut has resigned, shortly after the firm was sued over alleged hostile, sexist and discriminatory conduct by male executives.

Douglas Haynes resigned from Stamford-based Point72 Asset Management on Friday. A company spokeswoman declined to comment Monday on whether Haynes' departure was related to the lawsuit and referred to a statement that said the lawsuit is "without merit."

Cohen will serve as chief executive and president until Haynes' successor is hired. Cohen recently came off a two-year ban on managing other people's money that was part of a settlement with federal regulators over...

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