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Millennium backs macro trader’s $1bn hedge fund launch

hedgeweek

1 week ago

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Senior Millennium Management portfolio manager Farzad Kassam is preparing to launch his own hedge fund next year, with backing from Izzy Englander’s multi-strategy investment firm in the latest example of established platforms seeding new managers, according to a report by Bloomberg.
Kassam is expected to establish the new firm in Dubai, initially managing more than $1bn currently allocated to his macro strategy at Millennium, according to reports. The fund is expected to manage capital exclusiv...

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