Aaron Weiner Launches Atlantic Wolf Capital with $3B Backing from Millennium Management

Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund called Atlantic Wolf Capital, with an impressive $3 billion in initial capital from Millennium Management, led by billionaire Izzy Englander, according to a Bloomberg report. This move marks a significant step in Weiner's career, as he plans to focus his new fund on the healthcare sector, an area where he has extensive expertise.

The fund is set to start trading in the current quarter, with Weiner, 32, serving as the sole portfolio manager. He aims to grow Atlantic Wolf Capital’s team to more than 10 employees by the end of 2025, signalling ambitious plans for expansion in the near future.

Millennium Management, which oversees $72.3 billion in assets, has been strategically investing in external traders like Weiner as part of a broader effort to support and scale innovative investment strategies. This initiative comes after Millennium successfully raised $10 billion in new capital, which will be used to fund the expansion of emerging hedge fund managers. Despite the high-profile nature of these developments, a spokesperson for Millennium declined to comment, and Weiner has not responded to inquiries.

Weiner joined Coatue in 2021, quickly establishing himself as a key player in the firm’s healthcare investments. As head of healthcare investing, he was instrumental in managing a $3 billion tactical-solutions fund, which focused on assisting private companies in avoiding capital raises at unfavourable valuations. His strong track record and deep understanding of the healthcare sector will likely provide Atlantic Wolf Capital with a competitive edge as it enters the hedge fund market.

Weiner’s ability to make tactical investments and his focus on a specialized sector like healthcare positions Atlantic Wolf Capital as a highly focused and potentially lucrative venture. With healthcare remaining one of the most dynamic and complex sectors for investment, his hedge fund is expected to leverage both his expertise and the resources from Millennium to capitalize on opportunities in this space. As the fund takes shape, the market will be closely watching Weiner's next moves and how Atlantic Wolf Capital can compete with larger, more established players.

With an eye on long-term success, Atlantic Wolf Capital’s entry into the hedge fund space reflects the increasing trend of specialized funds catering to specific sectors, rather than trying to diversify across the entire market. This focused approach, coupled with Millennium's backing, suggests the new fund could attract significant attention from investors looking to capitalize on growth in the healthcare sector.