Millennium considers launching first new fund in more than three decades

Quick Summary:

Millennium, which has more than 330 investment teams operating within strict risk controls, at present has just one flagship fund.

Other hedge funds have already tried to muscle in on the private credit market.

Private credit, involving loans made to risky companies, has ballooned into an almost $2tn asset class as traditional banks have retreated from what was one of their core lending businesses.

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Article Details

Author / Journalist: Harriet Agnew

Category: MarketsFinanceInvesting

Markets: United States

Topics: Assets Liquid Hedge Credit Financial People Growth Private Millennium Funds Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 15:14:22 (2 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23242070

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

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