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Millennium Management poaches another Goldman Sachs veteran

Millennium Management continues to pick on Goldman Sachs as it looks to fill seats left vacant by rampant poaching from ExodusPoint, the new hedge fund led by former Millennium star trader Michael Gelband. The latest win for Millennium is former Goldman Sachs managing director Ankit Raj, who joined the hedge fund last month as a fixed income portfolio manager in New York.

Millennium has had an interesting year when it comes to staffing. It has lost at least a dozen portfolio managers and traders to ExodusPoint in New York and London as Gelband continues to target his former employer, with which he reportedly left on iffy terms. Millennium Management hasn’t stood still while watching some of its talent walk out the door. The hedge fund has hired a number of former sell-side quants and traders over the last few months, including several with ties to Goldman Sachs.

This includes Dan Cleland-James, Goldman’s former head of synthetics and quant sales, and Uberto Palomba, an ex-Goldman Sachs managing director and former head of EMEA emerging market trading at Citadel who is said to be joining Millennium in February. Millennium also recently partnered with Neil Chriss, founder of now-defunct hedge fund Hutchin Hill Capital who counts himself as a Goldman alumnus. The game of musical chairs seemingly has no end.

Raj spent the last six years at Goldman as an interest rate volatility and options trader, according to LinkedIn. He previously held similar roles at Credit Suisse and Barclays. Raj has his master's in financial engineering from the University of California, Berkeley Haas School of Business.

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AUTHORBeecher Tuttle US Editor

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