Jun 21, 04:33 PM

Millennium Management in Talks to Raise $7 Billion in New Capital

Millennium Management is in talks to raise billions of dollars in new capital, aiming to bolster its ability to access capital. The multistrategy hedge fund, which manages $68 billion in assets, plans to raise about $7 billion, equivalent to about 10% of its current assets. This effort is comparable to the largest hedge fund startup since ExodusPoint debuted in 2018 with $8 billion. Bobby Jain, a notable figure in the hedge fund industry, has highlighted the competitive environment for raising capital, particularly from private credit firms.

#Millennium Management #ExodusPoint #Bobby Jain

Written with ChatGPT (GPT-4o).