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Millennium backs macro trader’s plan for a $1bn hedge fund launch

The new firm is expected to launch next year, with support coming from Izzy Englander’s multi-strategy platform.

Reported · Written up by our desk · Fund Industry

Hedgeweek reports that senior Millennium Management portfolio manager Farzad Kassam is preparing to launch his own hedge fund next year.

According to Hedgeweek, the planned fund is backed by Izzy Englander’s multi-strategy investment firm, positioning the effort as another example of established platforms helping seed new managers.

The announcement is tied to a reported target size of $1 billion, following the Bloomberg account cited by Hedgeweek.

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