Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.