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Millennium duo plans record $1.4 billion Asia hedge fund – sources

Chicago Tribune – Two top executives of Millennium Management LLC are preparing to start a $1.4 billion hedge fund in Asia, people familiar with the matter told Reuters, in what would be the region’s largest such fund launch.

The Millennium spin-out could add a spark to Asia’s hedge fund industry, which has suffered from poor returns and lack of capital flows in the past few years amid volatile and sinking markets across the region.

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