Eight months after Pamalican Asset Management Ltd. began trading, according to people familiar with the matter, Millennium Management is divesting from the hedge fund of former Goldman Sachs partner Jamie Goodman. Pamalican plans to raise capital from other investors after Millennium exits. Millennium previously agreed to support the fund with $500 million, making it one of Asia's most high-profile hedge fund startups last year.

Eight months after Pamalican Asset Management Ltd. began trading, according to people familiar with the matter, Millennium Management is divesting from the hedge fund of former Goldman Sachs partner Jamie Goodman. Pamalican plans to raise capital from other investors after Millennium exits. Millennium previously agreed to support the fund with $500 million, making it one of Asia's most high-profile hedge fund startups last year.