According to Business Insider, Millennium Management has provided startup capital to former Jump Trading quant researcher Yiming Zhang, who is expected to launch after a non-compete period ends.
Millennium Management has reportedly provided startup capital to Yiming Zhang, a former quantitative researcher at Jump Trading, for an external manager role. The move points to continued demand for experienced systematic trading talent in alternative investment markets. According to Business Insider, Zhang spent 17 years at Jump Trading and is expected to formally launch once a non-compete restriction period expires. The report does not specify a launch date, fund size, or strategy details.