Millennium-Backed Kodai Is Returning Cash to All of Its Investors

A cofounder of closing Kodai Capital is joining $23 billion Balyasny

Dmitry Balyasny founded his hedge fund in 2001.BalyasnyJoon Park, a cofounder of Kodai Capital, is joining Dmitry Balyasny's $23 billion firm.Kodai Capital is returning capital after launching with money from Millennium in 2020.Kodai was run by Park and former Citadel portfolio manager Neville Shah.Joon Park, a cofounder of Kodai Capital, is rejoining the multistrategy fray in a new role at Balyasny.Park, who started Kodai Capital with former Ci…

Millennium-Backed Kodai Is Returning Cash to All of Its Investors

Kodai Capital Management, a hedge fund backed by Izzy Englander’s Millennium Management, is returning capital to all clients, according to people familiar with the matter.

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Balyasny hires Kodai founder whose firm returned client cash From Bloomberg: A founder of stock-trading hedge fund Kodai Capital Management is joining Balyasny Asset Management after his firm decided to return capital to investors, including initial backer Millennium Management. Joon Park will j... Article link

Millennium-backed Kodai Capital returning capital to investors

Kodai Capital Management, an equity-focused hedge fund backed by Millennium Management, is returning capital to all of its investors having only recently opened to external capital, according to a report by Bloomberg citing unnamed sources familiar with the situation. Founded in 2020 by Neville Shah and Joon Park, Kodai carved out a niche by investing in companies undergoing innovation-driven change, with a particular focus on tech and disruptiv…

The American hedge fund long/short shares Kodai Capital Management will return the money to its investors and cease its business, reports Bloomberg.