Hedge fund Millennium hired an ex-JPMorgan MD whose team made a loss

AI Briefing

• – Gianfranco Canepa, former JPMorgan MD, joins Millennium hedge fund in London.
• – Canepa's new team, led by Dan Friedman, is building a standalone credit business.
• – Millennium hires Michael Boam, former head of leverage finance research at Sona Asset Management.