Millennium Loses Two More Credit Trading Pods
Friday, November 6, 2026 · first reported by Hedgeweek
Millennium Management, the $95bn multistrategy hedge fund, is losing a further two credit portfolio management teams. The Abacove Capital pod, run by Dominick Maggio and Amit Agrawal, is leaving, as is the Twin Lights pod of Mark Meenan and David Ulrich, people familiar with the matter said.
Millennium had earlier withdrawn capital from Axebrook Capital, and senior credit trader Manav Gupta exited under six months after bringing his own fund onto the platform. Millennium lost 2.3% in October, leaving its gain so far this year at 5.7%.
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- Axebrook Capital
- People
- Dominick Maggio
- Asset class
- Hedge funds
- Geography
- North America
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