Svmuu News: According to sources, former senior quantitative researcher at Jump Trading, Yiming Zhang, has secured startup funding from hedge fund giant Millennium Management after leaving the company. He will operate as an external manager in the future. Yiming Zhang spent 17 years at Jump and was a key member of its core strategy team. Subject to non-compete clauses, his new role is expected to officially commence after the restriction period ends. Industry insiders point out that Millennium Management has been continuously expanding its footprint by providing capital to external teams in recent years, becoming one of the important "incubators" in the hedge fund field. (BusinessInsider)