Millennium pulls US$1.5bil out of hedge fund


Izzy EnglanderPhotographer: Ronda Churchill/Bloomberg

NEW YORK: Izzy Englander’s Millennium Management pulled cash from Meridiem Capital Partners three years after backing the stock-focused hedge fund.

The multi-strategy firm ended its arrangement with Khalid Malik’s Meridiem after a lockup period ended, according to people with knowledge of the matter.

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