Millennium Hands Korea Hedge Fund Firm $250 Million for Equities

a day ago

Millennium Management LLC has entrusted $250 million with a Seoul-based hedge fund firm to invest in Korean listed companies, according to people familiar with the matter.
Under the agreement, Billionfold Asset Management Inc. will run Millennium's capital in a separately-managed account, the people said, asking not to be identified because the information is private. Representatives from Millennium and Billionfold declined to comment.

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