Wednesday, 25 November 2015
Last updated 1 hour ago
Apr 3 2013 | 10:11am ET
Millennium Management has named Barclays' prime brokerage chief to a top role at the hedge fund.
Ajay Nagpal will become Millennium's chief operating officer in July, Absolute Return reports. His arrival will see current co-president and COO Terry Feeney become the firm's sole president. His co-president, chief risk officer David Nolan, will become vice chairman, alongside current vice chairman Simon Lorne, Millennium's general counsel.
Nagpal took over as head of prime brokerage when Barclays bought Lehman Brothers' hedge fund services business. Prior to Lehman's collapse, he was head of equity sales at its prime brokerage.
Barclays has not named a successor to Nagpal.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…