Fazad Qassam, a senior macro portfolio manager at Millennium Management, plans to establish an independent fund with the financial support of Eads England's multi-strategy hedge fund. People familiar with the matter revealed that Qassam expects to set up a new agency in Dubai next year, and the initial capital management scale will exceed its current 1 billion US dollars trading at Millennium. Sources said that initially he will only manage capital for companies in England and Germany, and is expected to raise external capital from abroad in a few years.

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