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Jun 25 2010 | 9:07am ET
Millennium Management has snared Investec Asset Management’s co-head of credit just a year after he joined the South African firm.
Jeffrey Burch is returning to the hedge fund world to work at Millennium’s London office under another of the hedge fund’s recent hiring coups—and another Bank of America veteran—Iftikhar Ali, Financial News reports. Ali joined Millennium Capital Partners last month from James Caird Asset Management, where he was reportedly unhappy with his compensation.
Burch worked at hedge fund BlueMountain Capital Management before joining Investec last year. At BofA, he worked at the proprietary credit trading group.
Burch starts at Millennium in the middle of next month.
At Investec, Burch will be replaced by Theodore Stamos.