Ex-Morgan Stanley Prime Broker Plans $3 Billion Hedge Fund
- Kurt Baker was Millennium’s Asia head of business development
- 30th Century aims to start trading in June with up to 10 teams
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Kurt Baker, a Millennium Management alumnus and former head of Morgan Stanley’s Asia prime brokerage, is seeking nearly $3 billion in capital commitments for a multi-manager hedge fund firm to rival the likes of Citadel in the region, according to a person with knowledge of the matter.
Baker is in advanced talks with several potential investors to back his Hong Kong-based, Asia-focused firm, named 30th Century Partners, said the person, asking not to be identified discussing private information. It plans to start trading in June 2024 with eight to 10 investment teams.