Millennium Snags Former BofA Relative Value Traders

Jul 29 2011 | 10:21am ET

Millennium Management next month will add a nine-member relative value trading team formerly of Bank of America.

The proprietary traders are led by Linus Wright, who worked at BofA from 2007 until his departure—with his team—in April. The group will work out of New York-based Millennium's London office, Bloomberg News reports.

In addition to Wright, the team includes Stephanie Allen, Paul Cloke and Suketu Shah.

In hiring the former BofA group, Millennium is practicing what its founder, Israel Englander, has preached. Englander said in November that the Volcker rule, which strictly limits proprietary trading at banks, made now the best time in 15 years to hire traders.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of