23-04-2025
Millennium-Backed Kodai Is Returning Cash to All of Its Investors
Kodai Capital Management, a hedge fund backed by Izzy Englander's Millennium Management, is returning capital to all clients, according to people familiar with the matter.
Founded in 2020 by Neville Shah and Joon Park, Chicago-based Kodai focused mainly on trading stocks linked to industries 'undergoing innovation-driven change,' according to an investor document. Tech shares have been pummeled this year by President Donald Trump's trade wars, with the Nasdaq Composite Index tumbling about 16% through Tuesday.
