Two commodity-focused hedge funds are targeting a combined $1.4 billion in new assets following the closure of their previous venture by Millennium Management in 2025. According to Bloomberg, the fund managers are actively pursuing fresh capital to capitalize on emerging opportunities within the commodities sector. Despite encountering challenges with their earlier fund, the team remains focused on attracting institutional investors and meeting their fundraising objectives. Their strategy reflects growing confidence in commodity market dynamics and the potential for returns in this alternative asset class, even as the broader hedge fund industry continues to navigate changing market conditions. The founders' renewed efforts signal their commitment to deploying fresh capital in the commodities space.