Millennium Pulls Over $1.5 Billion From Two External Hedge Funds

Millennium Management is redeeming more than $1.5 billion of leveraged cash from two external hedge funds that the multistrategy investment firm backed last year.

By Liza Tetley and Nishant Kumar · Bloomberg Markets

Millennium Management is redeeming more than $1.5 billion of leveraged cash from two external hedge funds that the multistrategy investment firm backed last year.