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Millennium withdraws $1.5bn from external hedge funds following losses

Reported · Written up by our desk · Equity Funds

Millennium is withdrawing more than $1.5bn in leveraged capital from two external hedge funds following investment losses, highlighting the risks facing smaller managers reliant on funding from major platforms, according to a report by Bloomberg. The $95bn-plus hedge fund, founded by Izzy Englander, has redeemed more than $1bn in leveraged capital from event-driven manager Troluce Capital Advisors and a further $500m from Axebrook Capital, which was established by Jack Land following a spinout from York Capital Management approximately five years ago. The withdrawals were reportedly prompted b

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