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2 clusters · 5 sources · 1 days · First seen 4 days ago · Last updated 4 days ago

Millennium Management international expansion

Overview

Millennium Management is pursuing international expansion and growth through strategic regional presence and capital increases.

In Switzerland, the firm is negotiating a potential tax arrangement with authorities in Geneva. This deal aims to facilitate expansion within the French-speaking canton, allowing the New York-based hedge fund to better compete for talent compared to its larger operations in Zug, where tax rates are significantly lower.

Concurrently, the firm is expanding into Greece by establishing its first office in Athens via the incorporation of Millennium Capital Management (Greece). This move aligns with broader trends of financial professionals moving to Greece to utilize tax incentives. As these expansions occur, Millennium Management is approaching $100 billion in assets under management, with significant new investor commitments expected to potentially drive assets beyond $130 billion in the future.

Entities

Millennium Management · Chris Rokos · Zug · Martin Pabari · Geneva

Timeline

4 days ago

[BUSINESS] 4 sources
Millennium Management expands to Athens as assets approach $100bn
Millennium Management is expanding into Athens, Greece, amid a broader trend of hedge fund professionals seeking favorable tax conditions, while the firm nears $100 billion in assets under management.
4 days ago

[BUSINESS] 2 sources
Millennium Management negotiates tax deal in Geneva
Millennium Management is negotiating a tax deal with Geneva authorities to potentially expand its presence in the Swiss canton and compete with lower-tax regions like Zug.

Sources

agefi.fr · cryptobriefing.com · hedgeweek.com · mononews.gr · zougla.gr