Millennium London Trader Dale Out After Eight Years

Jul 7 2014 | 8:34am ET

One of Millennium Management’s most senior European traders has left the firm following significant losses.

Chris Dale, who managed more than US$1 billion, making his among the largest portfolios at the hedge fund, left in May, the Financial Times reports. Dale’s departure came on the heels of a roughly 5% loss suffered earlier this year.

Dale has been with Millennium since the New York-based hedge fund first set up shop in London in 2006. One of the firm’s longest-serving partners, his exit shocked many in the British hedge fund industry, according to the FT.

It also comes as Millennium has bolstered its London staff, hiring more than 25 people since the beginning of the year.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note