Hedge fund Marshall Wace's newest oil PM is an ex-Millennium trader
Moving from Millennium to Marshall Wace – two of the biggest hedge funds in the world – is a pretty normal move as far as the industry goes. Sometimes, however, it takes the better part of a decade and a few side gigs.
Click here to join the bubble by eFinancialCareers, our new anonymous community. ✍️
Andrew Dodson joined Marshall Wace last week as a portfolio manager in its oil team, based in its London office. He joined the firm from DV Trading, a derivatives-focused prop trading firm. He was last employed before that by Millennium as a partner (and portfolio manager) back in 2017.
Dodson, whose middle name is Philipp, left Millennium to set up his own hedge fund, Philipp Oil. According to Bloomberg, he was aiming for $500m in assets under management for the launch.
However – according to UK register companies house – Philipp Advisors LLP, of which Dodson was a founding member, only ever submitted accounts as a dormant company before being struck off in 2022. He was also the only registered individual with the firm, per the FCA. Confusingly, Dodson was also a member of Sealark LLP, which traded as Philipp Oil for around 18 months in 2018/2019, again per the FCA. Its last full-year accounts, covering 2018, indicate turnover of less than £850k and average profit per member of around £43k.
Perhaps Dodson should have stayed at Millennium – the fund has developed a reputation in recent years of fronting some of its star traders with $1bn+ investments to start their own hedge funds.
Dodson is not the only new face at Marshall Wace this month. Chet Johal joined the firm this week in London as a portfolio manager from Balyasny, where he spent five years in various analyst and associate roles. And Alexis Wagener joined in New York as a senior credit analyst, having spent two years as a senior associate at Citadel in the city.
Marshall Wace declined a request to comment. Dodson did not respond to a request for comment.
Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, WhatsApp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.
Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate.
