Multi-strategy hedge fund major Millennium Management has appointed Matthias Traut, the former Head of European Research for Global Fixed Income and Macro at rival Citadel as Portfolio Manager, according to a report by eFinancial Careers.

Traut has been on gardening leave for the past year, having resigned his Citadel position which he held for over four years, in August 2023.

Prior to Citadel, Traut was Senior Quantitative Economist at Tudor Investment Corporation for 18 months and also spent eight and half years at Brevan Howard as an economist.