Millennium, Modular End $600 Million Asset Management Deal

Macro hedge fund founder Jimmy Lim is set to stop managing money for Millennium Management LLC after more than eight years, said people familiar with the matter.

By mutual agreement, his Modular Asset Management and Millennium are terminating their deal at year-end, the people said, requesting not to be named because the information is private. The Singapore-based macro hedge fund firm has managed about $600 million for Izzy Englander’s global multistrategy giant in a separate account, the people said.