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Millennium Pivots: Adding Credit Trading Unit:

hedgeco

5 months ago

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(HedgeCo.Net) Millennium Management’s latest move—creating a dedicated credit trading unit carved out from its fixed-income business—underscores one of the most important shifts in U.S. hedge funds right now: credit is no longer just a sleeve; it’s becoming a strategic vertical with its own capital, leadership, and growth mandate. Bloomberg reported the new unit will be led by Dan Friedman, reporting to co-CIO Justin Gmelich. Hedgeweek also notes the move as part of Millennium’s broader push bey...

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