People keep leaving Millennium. : People keep leaving hedge fund Millennium Management (AKA Millennium Capital Partners in the UK). The latest to disappear is a 38 year-London portfolio manager who'd been there since 2012. Insiders say that Neil Smith a top relative value trader who previously spent six years with RBS in London and New York, resigned on Monday. His destination is unclear. Millennium declined to comment. The suspicion, naturally, is that Smith is off to join former Millennium trader Michael Gelband at ExodusPoint, the new $8bn hedge fund which has been hoovering people up from across the market.