From Yahoo Finance: 2025-05-30 22:52:00

Israel “Izzy” Englander’s hedge fund, Millennium, has hired two top credit traders, Jonathan Grau from Laurion Capital and Christopher Reich from Brevan Howard. Credit strategies have been popular despite a dip in demand for 2025. Millennium manages $73 billion in assets and has over 330 investment teams globally.

Representatives for Millennium, Brevan, and Laurion declined to comment on the hires. Credit trading has been a highly sought-after strategy among hedge-fund allocators, although interest has waned leading into 2025. Grau and Reich’s hiring follows Millennium’s acquisition of Thomas Malafronte from LMR Partners in March.

Millennium, led by Izzy Englander, was down 1.4% through April after a challenging start to the year, losing money in February and March. The firm had a 15% gain in 2024. Credit traders Grau and Reich join Millennium’s expanding team of more than 330 investment groups worldwide.



Read more at Yahoo Finance: Millennium has hired two heavy-hitter PMs for its credit-trading business