Goldman Sachs' guru gets second Dubai hedge fund job this year
Alex Blanchard is not languishing on the brutal Dubai job market. Alex Blanchard has a new job. That job is at Millennium, also in Dubai.
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Blanchard unveiled his arrival at Millennium on LinkedIn yesterday. He'll be a portfolio manager there, presumably in a rates team.
Blanchard previously spent 20 years at Goldman Sachs, where he was dubbed a short term interest rate (STIR) "guru" and was reportedly on track to make partner. That was followed by nearly five years at Point72, where he started in Connecticut and then migrated to Dubai. However, Blanchard unexpectedly left Point72 in Dubai in May 2025 after a challenging month for STIR traders focused on the basis trade. Top basis traders like Alexander Phillips at Tudor lost money in April and there was speculation that Blanchard that might have been stopped-out at Point72.
Maybe he just joined Millennium instead. Blanchard didn't respond to a request to comment.
Millennium's Dubai office opened in 2020 and now employs around 20 portfolio managers. It recently recruited Keisi Hysa, a Citadel portfolio manager focused on consumer stocks.
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