Point72 Asset Management, L.P., is an American family controlled investment company or family office managing the assets of its founder, Steven A. Cohen, and eligible employees. Point72 was established in 2014 as the successor to S.A.C. Capital Advisors. As of 2015, Point72 employed approximately 1,000 people. The Firms long/short investment divisions are Point72 Asset Management and EverPoint Asset Management. Cubist Systematic Strategies is its quantitative investing business. Point72 also operates Aperio, a "big data" research and investing unit. Point72 has its main office in Stamford, Connecticut and there are several satellite offices around the world. Point72 was founded in 2014 as the successor to SAC Capital, after the firm pleaded guilty to federal insider trading charges and paid a $1.8 billion fine. In March 2014, SAC Capital transferred the bulk of its assets to Point72 and was placed in "run-off," or a winding down of its operations. During this transition, Point72 launched a program a firm spokesperson referred to in a Wall Street Journal article as "the first phase of its transformation and renewal." In the wake of the governments criticism of SACs compliance program, Point72 enacted a series of reforms to bolster internal compliance. Former federal prosecutor Vincent Tortorella was hired to fill a newly created role of chief surveillance officer, and former U.S. Attorney for Connecticut, Kevin J. O’Connor, was hired to serve as Chief Counsel. A specialized surveillance unit, composed of ex-CIA, FBI and SEC investigators, was created to emphasize the need for compliance by traders, and in 2014, the firm retained Palantir Technologies, Inc., a Central Intelligence Agency-backed software maker to provide a new tool for compliance and surveillance. During this time, Point72 adopted other software programs designed to bolster internal compliance.