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millennium invests 1.8 billion in new hedge fund teams
Millennium has invested in two hedge fund teams, Chris Tuzzo and Warren Empey, who will manage approximately $800 million under the NorthArrow Capital brand. Scopia, managing around $1.2 billion, will oversee Millennium's cash in a separately managed account, employing a long-short market neutral strategy, while Tuzzo and Empey will focus on merger arbitrage.
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