Former Jump core quant researcher Yiming Zhang receives Millennium startup funding support

Odaily Planet Daily reports that sources say former Jump Trading senior quantitative researcher Yiming Zhang has received seed funding support from hedge fund giant Millennium Management after leaving the company, and will operate as an external manager in the future. Yiming Zhang worked at Jump for 17 years and was a key member of the core strategy department. Due to non-compete restrictions, his new role is expected to officially commence after the restriction period ends. Industry insiders point out that Millennium Management has been expanding its footprint in recent years by providing funding to external teams, and has become one of the important “incubators” in the hedge fund industry. (BusinessInsider)