Why Millennium Is Backing Citadel Alum’s Quant Hedge Fund Firm
Bloomberg 2026-06-30 14:21:42
Context: Millennium Management is backing a new quantitative hedge fund firm led by Paul Dou, a former researcher at Citadel. The new firm may oversee more than $1 billion from Millennium over time. This development was reported by Nishant Kumar on "Bloomberg Open Interest."
Key Facts
- Millennium Management will provide backing to a new quantitative hedge fund firm led by Paul Dou, who previously worked as a researcher at Citadel.
- The new hedge fund firm may oversee more than $1 billion from Millennium Management over time, according to people with knowledge of the matter.
- The report on this development was made by Nishant Kumar on the Bloomberg program "Bloomberg Open Interest."