Millennium Adds Barclays Prime Brokerage Head As COO

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.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.