Most hedge funds in London have so far shuttered their doors to new hires this year, but Millennium Management, the $35bn fund founded by Israel Englander, has been powering ahead with recruitment.
Millennium has hired five new people for its London operation in the past few weeks, but the hedge fund has become something of a revolving door. As well as the new recruits, senior staff have also been departing Millennium for competitors.
Millennium has been hiring in a number of different areas. In research, Ross Lavery, a former Deutsche Bank VP who has been working as a partner at Autonomous research in New York for the past two years, signed up to Millennium earlier this month as an analyst.
Bramen Singanayagam, one of the nine-strong team who jumped to Moore Capital Management from SAC Global Advisors when it closed its London office in 2014, has also just signed up the Millennium as an analyst.
It’s also hiring in commodities. Mike Condick, a former EU gas analyst at Deutsche Bank who has spent the past five years working at energy company Centrica, joined Millennium in April. He’s the second commodities hire at Millennium in recent months – the hedge fund hired Philip Sutterby, the European head of gas trading at Mercuria, as global head of commodities last July.
Martin Bercetche, a portfolio manager focused on emerging markets and Asia fixed income at Claren Road Asset Management and a former Goldman Sachs associate, has also joined Millennium. Adam Onslow, who’s worked at J.P. Morgan in London for the past seven years, was also hired earlier this month.
Millennium’s recruitment spree follows a number of high profile exits. Matthew Wheeler, a former managing director in pan-European equities at Barclays who joined the hedge fund in August 2012, has just left.
Meanwhile, as we pointed to previously, Elie Pano, an emerging markets portfolio manager, joined Societe Generale as head of emerging markets trading. James ter Haar and GJ Prasad, both departed for Caxton Associates in March.
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