Hedge Funds: Millennium Lures Magnetar Team With $100 Million

Welcome to the Hedge Funds Brief, your weekly read on the industry, including market calls, personnel moves and performance.

Headlines

Millennium offered $100 million in potential payouts to portfolio manager Chris Procaccini and his team to lure them away from Magnetar Capital.

Rob Citrone, who started last year with a mere $1.5 billion in his macro fund, made more money for himself in 2024 than Bill Ackman, Andreas Halvorsen and Paul Singer.

Steve Cohen said US growth is likely to slow in the second half as tariffs, tighter immigration laws and government cost-cutting efforts led by Elon Musk weigh on ...