Millennium Management is backing former Goldman Sachs Group Inc. Managing Director Jamie Goodman’s upcoming Asia hedge fund firm with $500 million, a rare deal of its kind for Izzy Englander’s behemoth in the region, said people with knowledge of the matter.
Goodman plans to focus on Asia-Pacific equity capital market deals such as initial public offerings, follow-on share sales and block trades, said the people, who asked not to be identified discussing private information. He will manage Millennium’s money exclusively for a period of time, one of the people said.