Key Takeaways
- • Michael Kaprelian, a former Goldman Sachs MD and head of management and strategy for fixed income, currencies and commodities (FICC), has joined hedge fund Millennium, according to eFinancialCareers.
- • Kaprelian joined Goldman Sachs in 1999 from EY and was promoted to managing director in 2017, serving as a COO/chief of staff role where he helped build the bank's high-performing FICC team.
- • FINRA's BrokerCheck indicates Kaprelian left Goldman Sachs in late 2023, and he may have taken a career break before the Millennium move.
- • Millennium had a weak start to 2025, with negative returns in multiple months and a 1.35% decline for January through April, though it gained 0.53% in April, per Bloomberg.
Summary
Michael Kaprelian has moved from Goldman Sachs to Millennium, the multi-strategy hedge fund, according to eFinancialCareers. The report notes that the move follows a familiar path for banking executives, even as electronic trading firms have emerged as an alternative exit route for managing directors.
At Goldman Sachs, Kaprelian was most recently a managing director and head of management and strategy for fixed income, currencies and commodities. He joined the bank in 1999 from the consultancy EY and was promoted to managing director in 2017. He described his role as a COO and chief of staff function, under which he contributed to building the high-performing FICC franchise.
FINRA's BrokerCheck records indicate that Kaprelian left Goldman Sachs in late 2023. eFinancialCareers adds that he may have taken a career break in the interim, though the timing of his Millennium start is not specified in the source.
The hire comes as Millennium has had a difficult start to 2025. According to Bloomberg, the fund posted negative returns in multiple months and was down 1.35% for the first four months of the year, despite a 0.53% gain in April. eFinancialCareers suggests Kaprelian may be expected to contribute strategic insights to the firm soon.
At Goldman Sachs, Kaprelian was most recently a managing director and head of management and strategy for fixed income, currencies and commodities. He joined the bank in 1999 from the consultancy EY and was promoted to managing director in 2017. He described his role as a COO and chief of staff function, under which he contributed to building the high-performing FICC franchise.
FINRA's BrokerCheck records indicate that Kaprelian left Goldman Sachs in late 2023. eFinancialCareers adds that he may have taken a career break in the interim, though the timing of his Millennium start is not specified in the source.
The hire comes as Millennium has had a difficult start to 2025. According to Bloomberg, the fund posted negative returns in multiple months and was down 1.35% for the first four months of the year, despite a 0.53% gain in April. eFinancialCareers suggests Kaprelian may be expected to contribute strategic insights to the firm soon.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.