(Reuters) An Och-Ziff Capital Management executive is leaving the company to run a new firm backed by global investment firm Millennium Management, according to two sources familiar with the matter, the latest move in the commodities fund industry after a turbulent 2017. Chaitanya Mehra, managing director and head of global commodities at Och-Ziff (OZM.N), plans to launch the entity backed by Millennium as soon as September with offices in New York and London, two sources told Reuters. The firm will initially trade exclusively with Millennium’s capital, one source said.
Och-Ziff Executive to Start New Unit Under Fund Giant Millennium
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