The new man to know for a job at Millennium Management

As we've written many times in recent months, hedge fund Millennium Management has been hiring. Bloomberg has now put a number to the recruitment spree: it says Millennium hired 100 people since the lockdown began in March.

Not all Millennium's new hires are portfolio managers. While the fund has been poaching newly promoted managing directors from Goldman Sachs, it's also been adding senior technologists like Louis Astolfi, who just joined as a senior program lead after two years as a COO for Barclays' cards and payments in the U.S.. And, it's hired a new head of recruiting.

The latter is Peter Norley, a former COO for the Americas at Credit Suisse Asset Management...

Hedge Funds Pay Up in U.S. to Poach From Rivals Stung by Turmoil

Izzy Englander sent his Millennium Management staff to work from home in early March. Since then, about 100 people have quietly joined the $42 billion hedge fund.

He’s not the only one snapping up talent as a deadly pandemic roils markets and upends offices. Dmitry Balyasny has recruited 12 portfolio managers at his eponymous firm this year, and Michael Gelband’s ExodusPoint Capital has added 20, according to people with knowledge of the matter. Across the industry, hiring by multimanager shops is on pace with last year’s robust level.

The spree by such firms, which...

Texas A&M Foundation Picks CIO

Michael Pia has been appointed as CIO of Texas A&M Foundation. He replaced Ben Wall, who left in Oct’19 to join RoseRock Capital as CIO. Pia will oversee the university’s $1.8bn foundation, reporting to Tyson Voelkel, President and CEO...

Millennium hired macro MDs from JPMorgan, Goldman Sachs

Early in the pandemic, Millennium Management - the multistrategy hedge fund with $41.9bn in assets under management - wasn't said to be doing that well. In March, the Financial Times reported that Millennium closed some of its trading 'pods' after losing money. However, in April it emerged that only 10 of Millennium's 230 pods had been shut and that the fund had made up its losses. In a further sign that all is well, Millennium has been hiring.

Millennium's two most recent recruits include James Whittingham from Goldman Sachs and Brian Fitzpatrick from JPMorgan...

Third Point hedge fund founder Daniel Loeb takes over as Munib Islam leaves firm

Billionaire investor Daniel Loeb is taking back the reins as sole chief investment officer at his hedge fund Third Point, less than one year after he appointed long-time colleague Munib Islam to be his co-chief investment officer, according to a letter the firm sent its investors.

Loeb, who is about to celebrate his 25th anniversary at Third Point, told investors about his decision in a letter on Tuesday...

Universa Hires Research Director From Calpers

Ronald Lagnado joined risk-mitigation specialist hedge fund manager Universa Investments as a director in the firm's research department on Monday.

Mr. Lagnado's position is new, part of the firm's expansion of its research team to accommodate demand from both public and private pension funds, said company spokesman Stefan Prelog in an email...