latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/millennium-management-in-discussions-to-raise-up-to-3b-in-capital-8211-bloomberg-59147214 content esgSubNav
In This List

Millennium Management in discussions to raise up to $3B in capital – Bloomberg

Blog

Banking Essentials Newsletter: September 18th Edition

Blog

Navigating the New Canadian Derivatives Landscape: Key Changes and Compliance Steps for 2025

Loan Platforms: Securing settlement instructions and prioritising the user experience

Blog

Getting an Edge with Services: Driving optimization by embracing technological innovation


Millennium Management in discussions to raise up to $3B in capital – Bloomberg

Millennium Management LLC is looking to raise up to $3 billion in capital from investors who would be required to commit a minimum of $25 million to the New York-based hedge fund, Bloomberg News reported June 22, citing a person with knowledge of the matter.

The capital-raising activity of the hedge fund, which is in discussions for the fundraising, would likely last until the first half of 2021, according to Bloomberg's source.

Investors can make a quarterly withdrawal of 5% of their investment, the news outlet quoted the source as saying.