Khalid Malik’s stocks-focused hedge fund has secured fresh backing from Schonfeld Strategic Advisors, more than two years after losing $1.5 billion in Millenniu

Khalid Malik’s stocks-focused hedge fund has secured fresh backing from Schonfeld Strategic Advisors, more than two years after losing $1.5 billion in Millennium support. The deal underscores intensifying competition for separately managed account strategies across hedge funds.