Hedge Fund Movers

Millennium to tap systematic PM from Maven

Millennium Management is further bolstering its European equities platform with the hire of Niall Barton, a systematic portfolio manager from Maven Securities, eFinancial Careers reported.

Barton, who resigned in June and is currently on gardening leave, is set to join Millennium’s London office under Peter Santoro, the firm’s co-head of global equities. Santoro moved from New York to London last year to lead the multi-strategy giant’s expansion in European equities.

Before his three years at Maven—initially in Amsterdam and later in London, Barton held trading roles at IMC Trading and Susquehanna International Group, building a strong background in electronic market making and quantitative strategies.

Moore Capital adds talent from ExodusPoint and Eisler

Moore Capital Management, the New York hedge fund founded by Louis Bacon, is strengthening its team by hiring Barry Piafsky from Eisler Capital and Neil Smith from ExodusPoint Capital, eFinancial Careers reported. Both are top-performing relative value traders and among the most highly regarded at their former firms.

The moves reflect Moore’s evolution from its global macro roots into a leaner multi-strategy office of around 50 portfolio managers, focused increasingly on Bacon’s personal wealth and select external capital. Piafsky, who previously spent eight years at Moore, left Eisler in May after a $30m drawdown tied to tariff-related volatility. Smith departed ExodusPoint in February after completing a non-compete.

Barclays’ head of USD swaps trading has departed to join a hedge fund.

Justin Firmino, head of USD swaps trading at Barclays, is set to leave the bank and is expected to join a hedge fund, according to a new report.

Firmino joined Barclays from Citi in 2019, was promoted to managing director in 2023, and holds a degree from the University of Toronto. His potential move would extend a recent pattern of senior Barclays rates traders heading to Brevan Howard, following Carl Scott, Michael Lubinsky, and Ankur Aneja.

The departure comes as Barclays focuses on cost-cutting and prioritising equity derivatives, securitised products, and European rates in its global markets division. Some US rates team members have expressed frustration over recent bonus payouts, raising questions about retention.