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(Bloomberg) -- It’s tough out there for new hedge fund managers trying to raise cash, and it doesn’t look like it’ll get easier anytime soon. Most Read from BloombergGermany’s Days as an Industrial Superpower Are Coming to an EndTop Nigerian Banker Killed in Helicopter Crash in CaliforniaHow Worried Should You Be About Commercial Real Estate?Biden’s Attempt to Address Memory Issue Backfires With New GaffeThat’s a key finding from a Goldman Sachs Group Inc. report Friday on the outlook for the in

(Bloomberg) -- Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHedge Funds Rake in Huge Profits Betting on Catastrophe RiskGloom Over China Assets Is Spreading Beyond Battered StocksPutin Orders Hunt for Property of Russian Empire, Soviet UnionTrump Retires ‘DeSanctimonious’ Insult After DeSantis Backs HimThe industry produced combined

(Bloomberg) -- Six portfolio managers have left billionaire Izzy Englander’s multistrategy hedge fund Millennium Management, according to a person familiar with the matter.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneTesla Recalls 2 Million Cars to Fix Autopilot Safety FlawsCitigroup Offers Partial Early Bonuses to Encourage Staff DeparturesArgentina’s Milei Devalues Peso by 54% in First Batch of Shock MeasuresCOP28 Nations Reach First-Ever Deal to Mov