The Point72 Academy: Championing Meritocracy

Global recruitment and diversity drive

Hamlin Lovell

Jaimi Goodfriend, Head of Investment Professional Development and Point72 Academy Director, is also its founder, creator and eminence grise. Goodfriend, who featured in The Hedge Fund Journal’s 2019 “50 Leading Women in Hedge Funds” report in association with EY, admits that the Academy started out as something of an experiment with no predetermined game-plan. “I loved the idea of being given the opportunity to create the program of my dreams,” she says, “to source talent in new and different ways, and find the next generation of great investors. I was given a blank canvas as no firm had ever done it before.”

Goodfriend already had extensive experience of training students for finance careers. “I had always had a passion for teaching professionally,” she continues. “I left the buy side many years ago to join the University of Illinois in Urbana-Champaign, which asked me to develop a program to help place high performing graduates into investment banking jobs. They typically did not have access to Wall Street firms as the banks did not recruit there. I started developing classes and teaching on asset allocation and investing and it was a great success: 100% of those taken into the program – the University of Illinois’ investment banking academy – got jobs on Wall Street.”

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