Millennium and Bluecrest made macro hires from Goldman and RBC
If you thought you need to be working for one hedge fund to get a job with another hedge fund, two bank macro traders just proved you wrong.
Sachin Goel and Anthony Rodriguez just got themselves jobs at Millennium Management in London and BlueCrest Capital Management in New York, respectively. Goel started last month; Rodriguez arrived in March.
Rodriguez skipped to BlueCrest from Goldman Sachs, where he spent the past nearly four years as a macro sales trading analyst on the rates desk. At BlueCrest he will be a 'trader.'
Goel is an assistant portfolio manager at Millennium Management. He previously spent two years in rates options trading at RBC Capital and nearly three years as head of GBP interest rate options trading at Barclays. He's also been head of USD gamma and mortgage option trading at Bank of America (again for around two years). And he once set up his own hedge fund (for 1.5 years).
As a family office rather than a hedge fund managing outside money, BlueCrest has a reputation for paying generously (think 20% of pnl). Headhunters say it's doubling down on fixed income hires after laying off various members of its equities team in 2017.
Goel might be expected to build a team at Millennium Management. As we reported in January, Millennium has a business model of hiring in portfolio managers with good trading ideas and giving them the autonomy to build a team that will implement their strategy. In the past two years it's hired 20 portfolio managers and last year alone it hired 180 investment staff.
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