Hedge fund firm Point72’s quant arm, Cubist Systematic Strategies, has seen another senior departure as Jae Ho Kim, head of portfolio research, has gone on gardening leave, according to a report by eFinancial Careers.

Kim spent over ten years at the firm, including eight as a senior risk manager analysing PM performance and two and a half years on Cubist’s management team. He also briefly served as interim head of Point72’s macro business, overseeing 12–14 PM teams.

The exit follows the recent removal of Cubist president Denis Dancanet, with WorldQuant CIO Geoffrey Lauprete appointed to replace him. The leadership shake-up comes after a turbulent year in which Cubist experienced a sharp summer drawdown but still posted positive 2025 returns.

Cubist operates with a hybrid model – around 60 PM teams plus a centralised ~100-person quant group – differentiating it from Point72’s broader platform.