Story thread · 3 reports / 2 sources

Millennium expands Sydney presence

hedgeweek.com · 1hShare

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 Sydney earlier this month to mark the opening of a new office in the city's central business district. The New York-based multi-strategy manager now has around 20 employees in Australia, following a series of hires and investment moves that have increased its footprint in the country's financial market. Among the recent additions is Shaurya Visen, who joined Millennium in July after serving as Bank of America's head of Australian industrials research. The firm has also agreed to provide seed capital to a new long-short equity fund launched by former Perpetual portfolio manager Anthony Aboud. Millenn

First report: Millennium employees' new productivity hack: an AI 'twin' — businessinsider.com, 1d