Thursday, 24 July 2014
Last updated 14 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…