Millennium Cuts One of Its Priciest Trading Hires Within a Year
- John Curtice was promised a potential payout of $50 million
- Millennium reduced his capital from $2 billion to $1.5 billion
This article is for subscribers only.
John Curtice, one of Millennium Management’s most expensive recent hires, has departed within a year of joining Izzy Englander’s hedge fund firm.
Curtice, who joined earlier this year from rival ExodusPoint Capital Management, exceeded Millennium’s guidance on his risk limits, according to people with knowledge of the matter. This led to the firm discussing the matter with Curtice on several occasions, the people said.