Millennium Management is redeeming more than $1.5 billion of leveraged cash from two external hedge funds that the multistrategy investment firm backed last year.

ExodusPoint Capital Management is working with Anthropic PBC to expand the use of artificial intelligence agent Claude across its hedge fund operations.

Man Group Plc hit a 16 year high after the company’s assets jumped to a record in the first half of the year as clients poured money into the firm’s long-only investment strategies and strong performance gains helped drive growth.