A top executive at Izzy Englander's $35 billion hedge fund has left

Peter Hornick, head of business development for Millennium Management, has left the firm, according to people familiar with the matter.

Hornick joined the hedge fund firm in July 2012, according to a LinkedIn page.

His departure follows the exit of Michael Gelband, Millennium’s global head of fixed income, earlier this year.

Izzy Englander’s Millennium managed about $US35 billion in assets as of April 1, according to the company’s website.

Hornick and a Millennium spokesperson didn’t respond to a request to comment.

NOW WATCH: How to know if Snaphat stock is a buy or a sell

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.