Millennium Management Backs Former Jump Trading Researcher Yiming Zhang

Former Jump Trading senior quantitative researcher Yiming Zhang has secured startup funding from hedge fund giant Millennium Management, according to Odaily. Zhang, who worked at Jump for 17 years and was a key member of the core strategy team, will operate as an external manager once his non-compete clause expires. Industry experts note that Millennium Management has been expanding its reach in recent years by financially supporting external teams, establishing itself as a significant incubator in the hedge fund sector.