Ross Garon was going to Point72 rival Millennium, where billionaire founder Izzy Englander created a new role for him overseeing the manager's quants.
Industry sources and individuals within the firm say the leadership change is being watched closely by the firm's rank-and-file; two quant rivals say they've received more resumes from Cubist employees in the last couple months — when Garon'sThe firm does not say how large its team is, overall, but a source familiar with the firm told Business Insider that since Garon's announcement in March that he was leaving the fund, there have been 18 departures from the firm, including...
One place Cubist employees will not be going, however, is to Garon's new firm — sources say Cubist quants can't join Millennium as long as Garon is there as a part of his agreement to join. Millennium declined to comment.Longtime Goldman Sachs quant Gary Chropuvka
This the owe Billions is roughly based on.
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