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Millennium Management targets record $20bn hedge fund raise
The planned capital raise is described as a record size for Millennium, reflecting ongoing institutional demand for large multi-strategy hedge funds.
Millennium Management is seeking to raise a record $20bn from investors, according to a report cited by Hedgeweek and attributed to Bloomberg.
The effort highlights what the coverage characterizes as continued institutional demand for large, multi-strategy hedge funds.
Hedgeweek notes the sector is attracting increasing allocations from global investors, supporting the push for a fund raise at that scale.
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