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Arini and Sona’s main hedge funds have experienced significant losses in recent weeks as a sharp decline in certain segments of the junk-debt market affected their holdings.
Nishant Kumar reported this development, citing the impact on the funds linked to the downturn in junk-debt pockets.
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Earlier this year, Millennium hired Drew Gillanders, formerly head of Citadel’s International Equities, to lead a new equities unit, according to a report by Nishant Kumar. Kumar also reported that a Millennium trader involved in early spinout talks left to join Balyasny in a separate move. Both developments reflect recent personnel changes within major hedge funds.