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Albar to run Millennium strategy exclusively after returning external cash
Albar Capital Partners plans to return external cash to investors and keep its London-based market-neutral equities strategy running only for Millennium.
Hedgeweek reports that Albar Capital Partners plans to return external cash to investors.
After the cash is returned, the firm will continue running its London-based market-neutral equities strategy exclusively for founder Javier Velazquez's former employer, Millennium.
The change follows Velazquez returning outside cash, with the arrangement described as being based on a report from Bloomberg.
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