Monday, 29 August 2016
Last updated 2 days ago
Jun 7 2012 | 10:43am ET
One prominent trader is swimming upstream against a flood of colleagues leaving banks for the hedge fund industry.
Jeffrey Burch has left Millennium Management for Goldman Sachs, Financial News reports. At the bank, which he joined last month, Burch works in the Europe, Middle East, Africa and Asia private banking group, where he manages fixed-income products.
Burch left Millennium, where he was a trader at the firm's London office, in September, just over a year after joining the firm. It was his second short-lived stint in as many stops; Burch's tenure at Investec Asset Management, where he was co-head of credit, lasted only a year. Burch also formerly worked at BlueMountain Capital Management and Bank of America.
Burch's departure from Millennium coincided with the exit of Iftikhar Ali, whose arrival at the hedge fund preceded Burch's by a month.