Ex-Wall Street cop to help new Cohen firm

Steven A. Cohen
Scott Eells | Bloomberg | Getty Images
Steven A. Cohen

Five months after a groundbreaking criminal settlement with the U.S. attorney for the Southern District of New York that turned it from a major hedge fund into a private family office, Point72 has hired a former prosecutor from that office to handle internal surveillance.

Point72's new hire, Vincent Tortorella, begins work Tuesday, according to an internal memo issued by company President Tom Conheeney on Tuesday morning.

Tortorella's hiring, the memo states, is part of a broader effort at the family office, which manages company head Steve Cohen's own money alongside that of certain employees and family members, to "heighten our emphasis on surveillance and to add someone with outstanding investigative skills, preferably honed in law enforcement, to lead this effort."

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Tortorella, who worked for the Justice Department in New York and in the criminal division of the headquarters in Washington, was most recently the head lawyer and head of research at the hedge fund Coatue Management.

In an unrelated development, Coatue's founder announced plans to return $2 billion to investors on Tuesday after sustaining 9 percent losses in the month of March.

—By CNBC's Kate Kelly