Millennium Tops Up Support for Engineers Gate to $3.6 Billion

Millennium Management has given a further $300 million to hedge fund peer Engineers Gate as the multistrategy investment giant continues to allocate capital to external traders.

The top-up earlier this year lifted Millennium’s total backing to $3.6 billion, making Engineers Gate one of its largest external allocations, people familiar with the matter said, asking not to be identified because the details are private.