Albar Capital Partners is to return external cash to investors and continue running its London-based market-neutral equities strategy exclusively for founder Javier Velazquez’s former employer Millennium, according to a report buy Bloomberg.
The report cites unnamed people familiar with the mater as revealing that the arrangement will see Albar return money to its outside clients before operating independently with capital supplied by Millennium.
Albar, which manages around $1.5bn, runs a market...
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