A Massive Win for Qin Xiao

In a groundbreaking move, Qin Xiao, the former co-head of Goldman Sachs' global commodities trading team, has secured a staggering $1 billion allocation from Millennium Management for his ambitious hedge fund startup.

Nexus Commodities Capital Management Takes Off

Based in Singapore, Nexus Commodities Capital Management is gearing up to launch its trading operations later this year, bolstered by this significant financial backing from Millennium, alongside contributions from other investors.

What This Means for the Market

This enticing partnership not only highlights the confidence investors have in Qin's expertise but also signals potential shifts in the commodities trading landscape. As a separately managed account under Millennium, this venture promises to shake things up in the competitive hedge fund arena.

The Future of Commodities Trading?

With Qin at the helm, industry insiders are eager to see how Nexus Commodities will navigate the intricacies of the market and what innovative strategies they might employ. Will this be the start of a new trend in hedge fund management? Only time will tell!