The multi-strategy hedge fund Arrowpoint is reportedly seeking to raise $400 million in new funds before March next year.

According to a knowledgeable source, as multi-strategy hedge fund company Arrowpoint Investment Partners expands its investment team, the company plans to raise up to $400 million in new capital before the end of the first quarter. This $1.2 billion company, led by former Millennium Management Asia co-CEO Jonathan Xiong, has accepted new funding for the first time since October. The unnamed source stated that additional capital from existing investors and new investors is expected to increase its assets under management to $2 billion by the end of 2026. The company has already received some commitments for funding.