Elliott Global Trading Chief Resigns

Jul 27 2012 | 10:56am ET

Elliott Management's global trading chief is leaving the hedge fund after more than two decades.

Brian Miller will launch a family office, Elliott told investors yesterday. He may eventually start a hedge fund of his own, it added.

Miller has been at Elliott for 21 years, and became an equity partner in the firm just a year-and-a-half ago. He will give up that stake, Elliott said, but will remain an investor with the firm.

Miller's departure was first reported by Bloomberg News.

Elliott said co-chief investment officer Jon Pollock will become chief trading officer in the wake of Miller's exit. It also announced that both commodities and energy chief Rich Ritholz and structured products and global real estate chief Steve Kasoff would join its risk committee.

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