Millennium Management Asia Manager Said to Plan Own FundBei Hu and Jesse Westbrook
Guo Feng, a Hong Kong-based portfolio manager at Millennium Management LLC, the $18.6 billion hedge fund run by Israel Englander, is preparing to start his own firm, said two people with knowledge of the talks.
Guo, 32, will open Hong Kong-based Symmetry Investment Management with initial capital from Millennium or Englander, said the people, who asked not to be identified because the plans are both private and at an early stage.
Guo’s team, based in Hong Kong and London, makes fixed-income and rates investments for Millennium, the people said. While his planned fund will continue to employ the strategy, it may later invest in other asset classes, the people said.
Tripp Kyle, a spokesman at New York-based Millennium, declined to comment on Feng’s plans. Guo declined to comment. Reuters reported Guo’s plans earlier.
Michael Robinson, Millennium’s regional manager for Asia, has been leading talks with investors about the fund, the people said. It’s not yet clear whether he will join Guo, they added. Robinson didn’t answer a call to his mobile phone.
Hedge funds have risen 4.8 percent on average in the first seven months of this year, according to data compiled by Hedge Fund Research Inc.