Point72 has reportedly recruited senior macro portfolio manager James Whittingham from Millennium Management to lead a new trading team in London, as the hedge fund continues to expand its investment capabilities despite a challenging year for macro strategies, according to a report by eFinancialCareers.

Whittingham joins Steve Cohen's hedge fund after six years at Millennium, where he managed macro investments. He previously spent 14 years at Goldman Sachs, rising to managing director in short-term interest rate trading. UK Financial Conduct Authority records show that he left Millennium on 20 October.

The appointment comes amid significant volatility across global macro markets, with several prominent hedge funds suffering losses in 2026 as geopolitical developments and sharp reversals in interest rates and currencies disrupted trading strategies. Whittingham is understood to have experienced a difficult year at Millennium, although details of his performance have not been disclosed.

Point72 is reportedly offering Whittingham a substantial compensation package, potentially including guaranteed payments and performance incentives, although the terms remain unconfirmed. He is also expected to recruit investment professionals for his new macro trading team.

The move highlights continued demand for experienced macro portfolio managers among major multistrategy hedge funds, even as recent market turbulence has prompted firms to reassess investment allocations and trading risk.

Representatives for Point72 and Millennium declined to comment on the appointment, while Whittingham did not respond to requests for comment.