Millennium to back new quantitative hedge fund firm, Nishant Kumar reveals

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Anastasiia Chabaniuk

30.06.2026

Millennium to back new quantitative hedge fund firm, Nishant Kumar reveals — Millennium funding new quant hedge fund

Nishant Kumar reports that Millennium will back a new quantitative hedge fund firm led by Paul Dou, who previously worked as a researcher at Citadel.

The new firm could manage more than $1 billion for Millennium over time.

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Hedge fund launches have attracted significant capital in recent months. An ExodusPoint-backed hedge fund recently raised $1 billion to introduce a double-leveraged macro strategy. Separately, Schonfeld Strategic Advisors is opening an office in Switzerland to compete for local talent. Nishant Kumar has reported on both industry developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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