Multi-strategy hedge fund Verition Fund Management has seen at least five macro traders depart its ranks, while adding a new portfolio manager in London, according to a report by eFinancialCareers.

The departures include former Nomura rates traders Stanley Sun, Will Hirschmann and Grant Web, who joined Verition in 2022 and are understood to have worked in a New York-based macro and relative value trading team.

Ken Wang, a former Brevan Howard portfolio manager specialising in rates and relative value strategies, has also left the firm after joining in 2024.

James Regan, previously head of G11 short-term interest rate trading at UBS in London, departed Verition in July 2026 after two years and has since joined rival multi-strategy hedge fund Millennium Management in New York.

Verition is also reportedly in discussions with Dubai-based macro trader Antonio Belgioioso, who joined from Goldman Sachs in 2025, although it remains unclear whether he intends to leave.

The departures follow earlier reductions to Verition's trading teams, including the closure of a unit led by former Goldman Sachs traders at the end of 2025 and the departure of quantitative trader Damien Couture in July.

Despite the turnover, Verition continues to recruit. The firm has hired Chris Telfer, a macro credit portfolio manager from Athlone Investment Management, in London.

The appointment comes as Verition expands its London operations, having recently taken additional office space previously occupied by Eisler Capital.