Millennium Hires in Dubai for New Pod Focused on Commodities
The ICD Brookfield Place, center, an office tower in the heart of Dubai’s financial district whose tenants include Millennium Management.
Photographer: Christopher Pike/BloombergIzzy Englander’s $79 billion Millennium Management is assembling a new investment team out of Dubai to trade across commodities markets, according to a person familiar with the matter.
The pod will be run by Ylan Adler, a former partner and head of commodities at hedge fund SPX Capital, said the person, asking not to be identified discussing private information. It’s unclear how many people will be on the pod, the person said, adding that Adler is set to start early next year.