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Millennium hires one of Citadel’s longtime stockpickers

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Daniel Mazur’s near-decade-long run at $66 billion hedge fund Citadel is a lifetime in the cutthroat hedge fund world, but his time is finally up at Ken Griffin’s firm.

A person familiar with the move told Business Insider that Mazur, a stockpicker for Citadel’s Global Equities unit since the summer of 2016, is joining Izzy Englander’s Millennium as a senior portfolio manager.

Citadel and Millennium declined to comment.

A person close to Citadel told Business Insider the manager liquidated Mazur’s portfolio earlier this year and promoted two people under him — Brad Gemberling and Greg Fitter — to portfolio manager roles.

Mazur is based out of Chicago and spent close to 12 years at San Francisco-headquartered Harvest Capital Strategies before joining Citadel. He did not immediately respond to several requests for comment.

It’s unclear what Mazur’s deal from Millennium will pay him. The war for investing talent, particularly among the big four multistrategy firms, Millennium, Citadel, Point72, and Baylasny, has ramped up the costs across the industry.

PMs typically receive guaranteed payouts in their contracts, but if an individual a firm wants to cut instead resigns and joins another firm, they forfeit that compensation. Often, the firm that hires the PM will take into account the compensation forfeited and make the individual whole with a sign-on bonus or another form of payout.

Millennium, which has more than 6,600 employees and hundreds of investing teams, continues to add to its roster. The firm poached Goldman Sachs’ cohead of global equities, Erdit Hoxha, last month to join its Office of the CIO, which oversees its legions of trading teams.

Citadel’s Global Equities unit, run by Justin Lubell, lost two top talent recruiters last year: first, Alex Topkins, and then Laura Sterner. Sterner had only been at the firm for two months, Business Insider previously reported.

Still, the unit has brought on fresh investing talent this year, the person close to the Miami-based firm said. Global Equities poached Spencer Washburn, a former analyst at Millennium, to manage a book. His LinkedIn states he started in February in the firm’s New York offices as a portfolio manager.




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Bradley Saacks

Citadel and Millennium posted gains in a choppy February as Balyasny and Jain Global slipped

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Ken Griffin’s Citadel performed across the board in February.

The firm’s five strategies that feed into its flagship Wellington fund — fundamental equity, quant, commodities, fixed income and macro, and credit and convertibles — were all up last month, a person close to the Miami-based manager told Business Insider.

The fund was up 1.9% on the month, bringing its 2026 gains to 2.9%.

The firm, which managed $66 billion at the start of February, notched gains of 1.5% in February in its tactical trading fund, which blends the firm’s fundamental stockpickers with its computer-run equity portfolios.

Michael Gelband’s ExodusPoint, which had its best year on record in 2025, was up 0.9% last month, a person close to the New York-based firm said. The manager is now up 2.6% for 2026. Millennium is now up 2% on the year after a 0.6% gain in February.

It was another banner month for Asia-based multistrategy funds. $6 billion Dymon Asia made nearly 5% in February, bringing its 2026 gains to more than 10%, while Pinpoint Asset Management is up 6.6% for the year in its flagship fund.

The stock market was down on the month, as the S&P 500 index gave back some of the gains it had notched in January. The broad sell-off in software stocks, driven by AI releases, hurt blue-chip companies like Salesforce.

There were a few multistrategy managers that ended the month down. Balyasny lost 0.4% on the month, though is still positive for the year. Walleye had its second straight down month in February, and is now down 1.4% in 2026. Jain Global lost money again in February and is down 2.2% on the year.

This month has already been volatile thanks to the strikes against Iran by the US and Israel on Saturday. Oil prices have surged, and stocks tumbled on Monday.

Firms mentioned in the story and the table below declined to comment.

This story was originally published on March 2 at 10:22 a.m. New figures have been added to the table below as they have been learned.




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