Millennium Hires Ross Garon From Point 72

Millennium Management was up 2.9% in June, bringing its year-to-date return to 10.1%, which is impressive given the painful selloff in March.

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The firm also announced that Ross Garon will be joining as its global head of quantitative strategies. He will be taking up the position late this month and oversee the firm's quantitative investment portfolio managers.

Garon was previously at Point 72 and has worked as director of quantitative strategies at SAC. Millennium said Garon's hiring was a strategic one rather than filling a gap. The firm also...