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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...