4 days ago
Millennium-Backed Trader Explores $1 Billion External Cash Raise
Lorenzo Rossi, who manages money exclusively for Millennium Management, is preparing to open his hedge fund to external investors for the first time since taking cash from billionaire Izzy Englander's firm.
London-based Kedalion Capital Management is exploring ways to potentially raise $1 billion after his exclusivity deal with Millennium expires, people familiar with the matter said. Kedalion will open to the new money next year, the people said, asking not to be identified because the details are private. The plan is at an early stage and may change, one of the people added.
