John Curtice, one of Millennium Management’s most expensive recent hires, has departed within a year of joining Izzy Englander’s hedge fund firm.

Curtice, who joined earlier this year from rival ExodusPoint Capital Management, exceeded Millennium’s guidance on his risk limits, according to people with knowledge of the matter. This led to the firm discussing the matter with Curtice on several occasions, the people said.

Millennium also recently cut Curtice’s trading capital to $1.5 billion from $2 billion as his performance slipped from his peak gains, said the people, asking not to be identified because the details weren’t public. Curtice had a net low-single-digit loss since joining the firm, though his trades didn’t hit levels that would trigger a stop-loss, the people added.

Curtice and a representative for Millennium declined to comment.

Multistrategy hedge funds such as Millennium are known for their focus on market-neutral trading strategies to achieve a steady stream of returns. Unlike some hedge funds that build reputations on a single star trader, multistrats hire teams of high-performers and chain them to fixed rules and strict risk limits to avoid disasters. This rigid approach has cost many traders their jobs.

Curtice was one of the top performing money managers at ExodusPoint, having generated hundreds of millions of dollars in profits for the hedge fund over more than four years. To tempt him away, Millennium promised potential payouts in excess of $50 million, Bloomberg has previously reported.

Traders with a history of running sizable pools of capital are in high demand to manage the glut of capital that’s flowed into multistrategy firms. Still, Curtice’s short stint at one of the industry’s giants shows the challenge they face in a volatile market.

Millennium manages $70.2 billion with more than 330 teams trading globally, according to its website.

hi, want to find out how to fund IBKR account, I already have bank account in USD, just want to transfer directly from bank. please advise

tkwfriend since you have USA bank account, pick direct ACH

is under public bank
I do not own us bank account, is under public bank USD account

Err is there any specific reason why you use Public Bank to receive USD? Business/tax reasons?

For local (Malaysia) USD bank account, the only way is to use Telegraphic Transfer to move money to IBKR, but expect 1-2% FX markup plus wire charges.

Usually people transfer to SGD bank accounts in SG or use Wise and perform direct ACH. That would cost you some 30-50 basis points only though with a little more hassle.

this is because my previous investment is in USD and it stay in  USD . but now time to re-enter again,
I could not find detail of ibkr how to deposit information

my others account like tasty trade I am able to use wise
schwab unable to deposit from Malaysia due to Malaysia using a routing number and us using swif code.

is under public bank
I do not own us bank account, is under public bank USD account

lee82gx british pound & euros can be withdrawn to wise. i setup Wise EUR and GBP balance some time back already. just in case

I see. You login to IBKR, select Transfer Funds, USD as currency and choose the first option: Bank Wire deposit.

Fill up the sending institution, account number and account nickname, then specify the deposit amount.

Double check with Public Bank and see if the cost of transfer is SHA, BEN or OUR: https://www.globalmediapro.com/content/What...entInstructions

If it's SHA Citibank (IBKR's receiving bank) may charge you some fees, although last time I use DBS SG and there are no fees charged.

Not sure are you able to try on wise ?

check able to transfer your USD to wise USD account or not .
Then from WISE to IBKR

lhshyonghave to see which is cheaper

• PBB -> swift -> IBKR
  
• PBB -> swift -> Wise -> ach -> IBKR
  

furthermore, Wise can only do RM30k daily

In the early 2000s, Hank Paulson travelled extensively to China seeking access to the country’s financial markets for Goldman Sachs, where he was chief executive. The investment bank’s top brass believed the deal he eventually cut would only be a temporary one.

The thinking was that an alliance with Fang Fenglei, a mainland investment banker with peerless connections to the Communist party elite, would endure for only a few years, until the Wall Street institution was permitted to directly own its securities and investment banking business in China.

But instead the arrangement lasted for nearly two decades. During that time the economic benefits flowed mainly to Fang, leaving Goldman desperate to unwind the deal.

“We rented his name but we chose someone who tried to screw us in the end,” says one former Goldman banker of a man whom Paulson had lauded as “extraordinary” and a “preternatural networker in a country of networkers”.

As Goldman stands on the brink of acquiring a futures broker, the final piece of its China business, the Financial Times has pieced together a full account of a misadventure that the group itself has rarely commented on and which barely features in its investor communications.

Interviews with more than a dozen of Fang’s associates and bankers and hundreds of pages of documents show how Goldman’s partner wove himself into the fabric of the bank’s Chinese operations and forced it to pay far more than it had expected to gain full ownership of the business.

...

lhshyonghave to see which is cheaper

• PBB -> swift -> IBKR
  
• PBB -> swift -> Wise -> ach -> IBKR
  

furthermore, Wise can only do RM30k daily

will check this, as this account in public bank, require person there to fill up forms to transfer
in my case will be extremely expensive

USD-MYR-WISE- MYR-USD
for my case here may not work, I need manual forms to fill up, and is require to do multiple exchange rate

Not sure can try can direct USD to WISE USD ?
If so then can save the fx rate.

Me myself never try before.