Point72’s Chief Economist Dean Maki Wins Lawrence R. Klein Award For Second Time

Stamford, CT (September 26, 2016) – Point72 Asset Management, L.P. (Point72) Chief Economist and Managing Director Dean Maki has been recognized as one of the nation’s top economists, winning his second Lawrence R. Klein Award for being the most accurate overall forecaster of the U.S. economy from 2012 to 2015.

Maki who was selected from more than 50 of the nation’s top economic forecasters, previously won the prestigious award in 2013 for his accuracy in predicting the slow recovery from the Great Recession. Bloomberg News also named him the most accurate forecaster of U.S. GDP in 2009 and of CPI and PPI inflation for 2008 to 2010.

“This prestigious award reflects the hard work Dean has done for Point72 and his passion for excellence,” said Doug Haynes, President of Point72. “Our Mission is to attract and retain the industry’s top talent and provide our portfolio managers with the best available analysis for making investment decisions.”

The award is judged and sponsored by Arizona State University’s W.P. Carey School of Business. Maki will be honored at the Lawrence R. Klein award ceremony on October 12, 2016 in New York.

Maki will deliver his 2017 forecast, which will include the following predictions:

-Real GDP growth will pick up modestly from its 2016 pace, driven by better growth in business investment spending.
-Corporate profits will resume growing even as wage gains improve.
-Job growth will continue to be solid, pushing the unemployment rate down faster than the consensus expects.
-Inflation will rise to the Fed’s 2% target, leading the FOMC to increase the pace of rate hikes.
-If interested in attending the event, please RSVP. For more information on Point72, visit www.point72.com.

 

About Point72 Asset Management

Point72 Asset Management is a family office managing the assets of its founder, Steven A. Cohen, and eligible employees. Point72 primarily invests in discretionary long/short equities and makes significant quantitative and macro investments. The Firm’s long/short investment divisions are Point72 Asset Management and EverPoint Asset Management. Cubist Systematic Strategies is its quantitative business. The Firm is headquartered in Stamford, Connecticut, and maintains offices in New York, London, Hong Kong, Tokyo, and Singapore. Point72 Asset Management, L.P. is a family office and does not seek, solicit or accept any external investments. www.Point72.com.