According to reports, the former Goldman Sachs trader's new hedge fund has reportedly received a $1 billion investment from Millennium.

A hedge fund company founded by Qin Xiaoxin, former co-head of Goldman Sachs' global commodities trading team, has received funding from Millennium Management LLC. According to sources, his company, Nexus Commodities Capital Management Pte, based in Singapore, plans to start trading later this year with around $1 billion from Millennium and additional cash from other investors. The sources said Qin Xiao will manage a separate account for Millennium in a non-exclusive manner.