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Ex-Balyasny Asset Management trader joins Millennium

Reported by Thetradenews
Nov 13, 2023· 2 min read
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Key Takeaways
  • • Millennium Management hired Gregory Starikovsky, a senior analyst from Balyasny Asset Management, as a senior portfolio manager in New York, expanding the multi-manager hedge fund's equities capabilities.
  • • Starikovsky spent more than six years at Balyasny, where he most recently focused on financials and fintech analysis before transitioning to Millennium as a portfolio manager.
  • • The hire reflects ongoing talent competition between Millennium and Balyasny, two major multi-strategy hedge fund operators, with Millennium demonstrating continued recruitment strength in senior investment roles.
  • • Starikovsky's background includes investment banking at J.P. Morgan (2014–2015) and early-career roles at Moore Capital Management, Eos Partners, and Guggenheim Partners, with an NYU Stern finance degree.
  • • This recruitment is part of a broader pattern of senior-level moves at Millennium, including Rick Vaatstra's May 2023 hire from Goldman Sachs as a senior portfolio manager in London.
Summary
Millennium Management, a $68 billion multi-manager hedge fund, has hired Gregory Starikovsky as a senior portfolio manager based in New York. Starikovsky joins from rival multi-strategy firm Balyasny Asset Management, where he spent more than six years as a senior analyst specializing in financials and fintech sectors. His appointment marks another significant talent acquisition for Millennium in the competitive hedge fund recruitment landscape.

Starikovsky's professional trajectory spans multiple elite financial institutions. He joined Balyasny in early 2016 as an analyst and progressed to senior analyst before moving to Millennium. Prior to Balyasny, he worked as an investment banking analyst at J.P. Morgan between June 2014 and December 2015. His earlier experience includes positions at Moore Capital Management, Eos Partners, and Guggenheim Partners. He holds a Bachelor of Science in Finance and International Business from NYU Stern School of Business.

The hire reflects intensifying competition for senior talent between major multi-strategy operators. Millennium's recruitment efforts have accelerated in 2023, with the firm also bringing on Rick Vaatstra in May as a senior portfolio manager in its London office. Vaatstra previously served as co-head of European index trading at Goldman Sachs, demonstrating Millennium's success in attracting experienced portfolio managers from both hedge funds and investment banking.

Millennium declined to comment on the Starikovsky appointment, maintaining standard practice for hedge fund personnel moves. The addition of Starikovsky's financials and fintech expertise adds to Millennium's equities platform and reflects the firm's continued investment in domain-specific research talent to support its multi-manager operating model.

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Sources

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Thetradenews Ex-Balyasny Asset Management trader joins Millennium