HedgeCo.Net — Point72 Asset Management has recruited senior macro portfolio manager James Whittingham from Millennium Management to lead a new trading team in London, according to reports from eFinancialCareers and Hedgeweek. UK Financial Conduct Authority records show Whittingham left Millennium on October 20.
Whittingham spent six years at Millennium managing macro investments. Before that he spent 14 years at Goldman Sachs, where he rose to managing director in short-term interest rate trading. He is expected to recruit investment professionals to build out his new team at Steve Cohen’s firm.
The hire comes during a turbulent year for discretionary macro. Geopolitical shocks and sharp reversals in rates and currencies have produced losses at several prominent funds in 2026, and Whittingham is understood to have had a difficult year at Millennium, although his performance has not been disclosed. Point72 is reportedly offering a substantial package that may include guaranteed payments and performance incentives; the terms have not been confirmed.
Point72, Millennium and Whittingham did not comment on the move, according to the reports.
For allocators, the move is another data point in the multistrategy talent market. Platforms continue to compete for experienced rates and macro traders even after a volatile stretch, betting that capacity in short-term rates and relative-value macro will be valuable as central bank policy paths diverge. The willingness to back a PM coming off a tough year also suggests that pedigree and risk discipline are being weighed more heavily than a single year’s P&L.