Thursday, 28 August 2014
Last updated 11 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...