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A trader from Millennium who had been in preliminary discussions about a potential spinout is leaving the firm to join Balyasny.
The update was reported by Nishant Kumar.
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Earlier, Nishant Kumar reported that Millennium hired Drew Gillanders, formerly of Citadel, to lead its new equities group here. He also covered performance at Chris Rokos’s macro hedge fund, noting it posted gains last month here. Both updates reflect ongoing personnel moves and fund activity among leading hedge funds.