Millennium Management has committed approximately $800m to credit-focused manager Mycor Capital Management, underscoring the continued expansion of large multi-manager platforms allocating capital to external hedge funds through separately managed accounts, according to a report by Bloomberg.
The allocation is expected to lift Mycor’s assets under management to around $2.5bn and will run alongside the firm’s flagship credit strategy. According to people familiar with the arrangement, Mycor’s cor...
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