Reported about 2 months ago
Millennium Management has shut down two trading pods focused on index-rebalancing strategies in Asia, resulting in the departure of managers Shao Ying and Zachary Corones. The decision comes as the hedge fund, which oversees $68 billion, faces market fluctuations due to a deteriorating US economic outlook and tighter monetary policies in Japan. Both managers were operating from Hong Kong, but details on the performance and assets of the teams have not been disclosed.
Source: YAHOO