Wednesday, 17 December 2014
Last updated 13 hours ago
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.
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.