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HedgeCo.Net \u2014 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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Point72, Millennium and Whittingham did not comment on the move, according to the reports.<\/p>\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
HedgeCo.Net \u2014 Point72 Asset Management has recruited senior macro portfolio manager James Whittingham from Millennium Management to lead a new trading team in London, according to \u2026 Continue reading