Millennium Hires Veteran Metal Traders for Commodities Expansion
- Nicholas Hanley, Saurabh Sharma joined the firm in Singapore
- The $58 billion hedge fund has been bolstering commodities
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Hedge fund firm Millennium Management has hired two veteran metal traders in Singapore to manage a new portfolio focused on commodities, according to people familiar with the matter, expanding its exposure to the volatile sector.
Ex-Trafigura metal derivatives trader Nicholas Hanley and Saurabh Sharma, a former portfolio manager at diversified trading firm DRW, have joined the firm, the people said, requesting not to be named because the matter is private.