Millenium Execs Plan $1.4B Asian Hedge Fund Launch

Aug 22 2013 | 12:39pm ET

Two top Millennium Management executives are planning Asia's largest-ever hedge fund launch—with some help from their current employer.

Feng Guo, a Millenium portfolio manager, and Michael Robinson, the firm's Asia regional manager, will launch Hong Kong-based Symmetry Investment Management in Q1 2014, reports Reuters, citing people with knowledge of the plan.

The fixed-income shop will launch with an estimated $1.4 billion -- $1.2 billion of which is expected to come from Millenium, the other $200 million from external investors.

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