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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...