MILLENNIUM LOOKS TO DIVERSIFY BUSINESS

There has been a significant development in the multimanager sphere as Millennium Management and Schonfeld Strategic Advisors look at partnership options.

According to the Financial Times, these two parties are at an ‘advanced stage’ of discussion.

The partnership will allow systematic trading manager Schonfeld to manage a portion of Millennium’s assets.

This move is not a first for Millennium, which has a similar arrangement in place with WorldQuant, dating back to 2015.

Jjj Spins Out Of Moore

JJJ Capital has recently announced one of the biggest launches of the year. This is a $3 billion inflation-focused hedge fund, set up by Joeri Jacobs and other ex Moore Capital traders. It is clearly not a bitter parting with Bloomberg reporting $1 billion of seed capital coming from Moore Capital.