People familiar with the matter revealed that hedge fund Millennium Management has hired commodity trading veteran Ryan Sheffler; Sheffler was originally scheduled to join Point72 Asset Management, but he has yet to take up the new job. People familiar with the matter revealed that Sheffler will serve as Millennium's senior portfolio manager, focusing on commodities. Millennium's interceptive recruitment has once again proven that well-funded hedge funds do whatever it takes to recruit top talent; even if that person has agreed to work for another company.

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