Millennium Management’s Senior Energy Portfolio Manager, Brian O’Hara, has left the multi-strategy hedge fund after nearly three years, according to a report by Bloomberg citing unnamed people familiar with the matter.
O’Hara, who was based in Connecticut, brought deep experience in power and natural gas trading to Millennium. Prior to joining the $60bn hedge fund, he served as global head of commodities at Six One Commodities and held a senior portfolio manager role at Mercuria, one of the world’s leading energy trading firms.
His departure comes as hedge funds continue to aggressively recruit talent in the commodities space – particularly in natural gas and power – where heightened market volatility and weather-driven dislocations have created strong alpha opportunities.
While Millennium has seen record growth in its trading pods and continues to invest heavily in systematic and macro talent, the exit highlights the fluid nature of senior-level movement in the highly competitive commodities trading arena.
Neither O’Hara nor Millennium Management commented on the departure.
