Report: Millennium Allots $3.3B More to Other Managers Amid Expansion

Millennium Management is reportedly tasking two more teams with investing responsibility, handing over $3.3B to manage, Bloomberg News reported December 3, citing people familiar with the matter.

The unnamed sources said the $70B hedge fund allocated $1.5B to Hong Kong-based Robert Tau's macro trading firm and $1.75B to money manager Daniel Engel-Hall, who will trade under Millennium's Andora Partners brand.

Bloomberg, citing people with knowledge of the matter, noted that Millennium is looking to further strengthen its team in Asia with the recruitment of Marshall Wace alumnus Ramesh Karthigesu. Karthigesu will formally join Millennium in 2025, the people said.

Just last week Millennium was also rumored to have hired two hedge fund teams to oversee $1.8B of assets, Dakota reported November 27.

Source:

https://www.bloomberg.com/news/articles/2024-12-03/millennium-backs-pair-of-hedge-fund-traders-with-3-3-billion