Millennium Management has committed approximately $800m to credit-focused manager Mycor Capital Management, underscoring the continued expansion of large multi-manager platforms allocating capital to external hedge funds through separately managed accounts, according to a report by Bloomberg.
The allocation is expected to lift Mycor’s assets under management to around $2.5bn and will run alongside the firm’s flagship credit strategy. According to people familiar with the arrangement, Mycor’s cor...
Continue Reading
Sign up for FREE to read the full article and access 133K+ alternative investment headlines.
