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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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Former Millennium Managers to Launch Hedge Fund

Aug 29, 2013
Jing Chen

A pair of executives from New York-based Millennium Management is planning to launch an Asia-focused hedge fund.

Reuters reported that Millennium portfolio manager Feng Guo and the firm’s Asia regional manager Michael Robinson are expecting to open Hong Kong-based Symmetry Investment Management in the first quarter of 2014.

The article added that Guo and Robinson have secured approximately $1.2 billion in seed capital from Millennium and an additional $200 million from external investors.

Symmetry Investment will invest in bonds, rates and other fixed-income instruments. The fund, which will invest in both Asia and other markets across the globe, will utilize a relative value strategy.

Founded in 1989 with $35 million by Israel Englander, Millennium currently manages about $18.6 billion.


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