Hedge Funds

Millennium appoints legal chief to board


Simon Lorne joins three independent Cayman directors

 Simon Lorne (Photo: LinkedIn)

Simon Lorne, Millennium Management’s chairman and chief legal officer, is now on its board of directors, according to a letter sent to Millennium International fund investors in July.

Lorne joins independent directors Ian Goodall, Martin Lang and Michael McDonald. Goodall and McDonald are employees of Cayman Islands based International Management Services, one of several go-to companies for hedge funds to find board members for their offshore holdings in the tax-friendly jurisdiction. Goodall serves on 79 hedge fund boards while Lang, a former IMS employee, serves on 59, according to a