Wednesday, 2 September 2015
Last updated 18 sec 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…