Hedge fund Millennium hires portfolio manager from Steve Cohen’s firm

March 21, 2017 By Svea Herbst-Bayliss BOSTON(Reuters) – Millennium Management, one of the industry’s biggest hedge funds, has hired a portfolio manager from billionaire stock picker Steven A. Cohen’s investment company, two sources familiar with the matter said. Ariel Masafy specializes in consumer stocks and had worked for Cohen, who invests roughly $11 billion, since 2011. Masafy could not be reached for comment and a spokesman for Cohen’s firm, Point72 Asset Management, declined to comment. Moves by portfolio managers between fund firms are closely watched on Wall Street especially now…

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