Modular Asset Management, a macro hedge fund firm based in Singapore, will reportedly cease managing funds for Millennium Management at the end of the year. This decision comes after more than eight years of collaboration and is by mutual agreement, reported Bloomberg, citing sources familiar with the matter. Modular has managed approximately $600m for Millennium in a separate account. The termination of this deal allows Modular to diversify its investor base, reducing its dependency on a single large i ...