Key Takeaways
- • Multi-strategy hedge fund Verition has lost five macro traders, including former Nomura rates traders Stanley Sun, Will Hirschmann and Grant Web, and former Brevan Howard portfolio manager Ken Wang.
- • James Regan, previously at UBS, also left Verition and has joined Millennium in New York.
- • The departures are accompanied by Verition's hiring of a new trader, though the source does not identify that hire in the available text.
- • The moves reflect continued talent mobility among macro and rates trading teams at multi-manager platforms.
Summary
Multi-strategy hedge fund Verition has seen five macro traders depart, according to a publisher summary of the development. The departures include former Nomura rates traders Stanley Sun, Will Hirschmann and Grant Web, as well as Ken Wang, a former Brevan Howard portfolio manager. Separately, James Regan, who previously worked at UBS, also left Verition and has joined Millennium in New York.
The moves come alongside Verition's decision to hire a new trader, as reflected in the story headline. The available source text does not name the incoming hire or describe the role, mandate or strategy the hire will cover, so those details cannot be confirmed here.
For allocators and managers tracking the macro and rates talent market, the episode highlights the continued movement of senior traders between large multi-strategy platforms and rival managers. Verition's departures span rates and macro trading backgrounds from Nomura, Brevan Howard and UBS, and the destination of at least one trader at Millennium underscores the competition for experienced macro talent in New York.
The moves come alongside Verition's decision to hire a new trader, as reflected in the story headline. The available source text does not name the incoming hire or describe the role, mandate or strategy the hire will cover, so those details cannot be confirmed here.
For allocators and managers tracking the macro and rates talent market, the episode highlights the continued movement of senior traders between large multi-strategy platforms and rival managers. Verition's departures span rates and macro trading backgrounds from Nomura, Brevan Howard and UBS, and the destination of at least one trader at Millennium underscores the competition for experienced macro talent in New York.
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