Millennium Management is withdrawing more than $1.5 billion in leveraged funds from the two external hedge funds it supported last year. According to people familiar with the matter, the company under Izzy Englander has withdrawn more than $1 billion in leveraged capital from the event-driven hedge fund Troluce Capital Advisors. Other sources familiar with the matter revealed that the company is also withdrawing $500 million in leveraged capital from Axebrook Capital, a subsidiary of Jack Land. According to these sources, Millennium made the decision because both companies lost money.

Millennium Management is withdrawing more than $1.5 billion in leveraged funds from the two external hedge funds it supported last year. According to people familiar with the matter, the company under Izzy Englander has withdrawn more than $1 billion in leveraged capital from the event-driven hedge fund Troluce Capital Advisors. Other sources familiar with the matter revealed that the company is also withdrawing $500 million in leveraged capital from Axebrook Capital, a subsidiary of Jack Land. According to these sources, Millennium made the decision because both companies lost money.