Millennium expands Sydney presence
Millennium Management is expanding its presence in Australia, with the $97bn hedge fund building out a Sydney-based team and taking sizeable positions in Australian companies as it develops its local operations, according to a report by Capital Brief. Millennium president and chief operating officer Ajay Nagpal and Benjamin Williams, the firm's head of business development for Asia, were in…
Millennium Management is bolstering its Australian operations, establishing a new office in Sydney and increasing its local workforce, according to a report by Capital Brief. The New York-based hedge fund, valued at $97bn, currently employs approximately 20 individuals in Australia, with recent hires including Shaurya Visen, who transitioned from Bank of America's Australian industrials research team.
Millennium has also committed capital to a new long-short equity fund, co-founded by former Perpetual portfolio manager Anthony Aboud. The Australian office, though not yet publicly listed among the firm's five Asia-Pacific locations, has been involved in substantial investments in Australian-listed companies. In the quarter ending June, Millennium held shares worth about $131m in Australian neocloud firm Sharon AI, representing roughly 5% of its equity, and approximately $63m in shares of Australian rival IREN.
Written by urgent.news from Hedgeweek's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
