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Why Millennium Is Backing Citadel Alum’s Quant Hedge Fund Firm

Why Millennium Is Backing Citadel Alum’s Quant Hedge Fund Firm
Bloomberg Markets Tuesday 30 June 2026, 14:21 UTC 1 min read
Key Points

Jun 30th, 2026 Why Millennium Is Backing Citadel Alum’s Quant Hedge Fund Firm Millennium Management will back a new quantitative hedge fund firm led by former Citadel researcher Paul Dou, which may oversee more than $1 billion for the giant over time, said people with knowledge of the matter. Nishant Kumar reports on "Bloomberg Open Interest."

Jun 30th, 2026 Why Millennium Is Backing Citadel Alum’s Quant Hedge Fund Firm Millennium Management will back a new quantitative hedge fund firm led by former Citadel researcher Paul Dou, which may oversee more than $1 billion for the giant over time, said people with knowledge of the matter. Nishant Kumar reports on "Bloomberg Open Interest." [Image text:] HEDGEFUNDS IN FAVOR Morethanhalf of allocators are looking to increase their investment into hedge funds this year 2026NET ALLOCATION PLANS ASSETCLASS Hedge Funds 51% Co-investment 31% Private Equity 26% Active Extension 21% Commodity 19% Portable Alpha 18% Private Credit 15% Venture Capital Cryptocurrency 15% 9% Long-only Equity Long-only Fixed Income 8% 5% Cash/Cash Equivalent -8% Source:Bank of America
Millennium Management (ORG) Citadel (ORG) Paul Dou (PERSON) Nishant Kumar (PERSON)
Originally published by Bloomberg Markets Read original →

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