Man Hires Ex-Millennium Trader to Help Build New Hedge-Fund Unit

(Bloomberg) Man Group Plc, the world’s largest publicly traded hedge fund firm, hired former Millennium Capital Management money manager Abhijeet Gaikwad as it seeks to build a new quantitative-investment unit.The firm started hiring for the Oxford, England-based “quantitative incubating” unit last month, according to a spokeswoman. Sanatan Rai, who previously worked at BlueCrest Capital Management, has also joined as a money manager.

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