Millennium has added a Paris-based quant team led by former Societe General prop desk head Maxime Kahn.
Kahn and his team were previously running $300 million of BlueCrest Capital founder Michael Platt’s money at Kahn’s short-lived hedge fund, 111 Capital.
Quant talent has been hard to come by, as hedge funds have battled Silicon Valley for the best people.
Click here for more BI Prime stories.
Izzy Englander’s Millennium has added a team of quants in Paris that were running hundreds of millions of Michael Platt’s money, sources tell Business Insider.
Maxime Kahn and his team of quants joined Izzy Englander’s fund roughly two years after starting 111 Capital.
Kahn, the former head of the prop desk at Societe Generale, was given $300 million by BlueCrest Capital founder and billionaire Platt in 2017 to start 111 Capital after more than 21 years at the French bank. Kahn’s firm was only allowed to run Platt’s money for the first 18 months, according to media reports at the time.
Millennium declined to comment, while Kahn and Platt were not able to reached for comment.
Millennium, which notched returns of 5.61% through the end of July, has in the last couple years added big names like …read more
Source:: Businessinsider – Finance