Hints and tips:
...Goldman and Millennium declined to comment on Berlinski’s move. Englander has built Millennium into a hedge fund that increasingly resembles the markets division of a global bank....
...Schonfeld would remain independent and use Millennium’s long-term capital to fuel the growth of its business. Millennium and Schonfeld declined to comment....
...moving to Millennium....
...Bloomberg first reported Citadel’s and Millennium’s performance....
...This article has been updated to clarify that Diego Megia is currently employed by Millennium....
...Partnership talks between Millennium and Schonfeld have started and stopped before....
...A deal between Millennium and Schonfeld would have marked the largest of its kind in one of the hottest areas of the hedge fund industry....
...with Millennium....
...The 75-year-old has done a good job shoring up Millennium’s position....
...Englander’s age gives Millennium’s succession strategy added urgency....
...One idea put on the table was for Millennium to provide some capital. In the end, talks never came to fruition and Schonfeld managed to shore up its position....
...Millennium and DE Shaw, which are multi-strategy firms, took joint second place in the all-time rankings, making $5.7bn and $4.2bn last year respectively....
...“It’s a huge muscle flex by Millennium, they have capital and they’re neutralising a competitor.” For Millennium, a tie-up makes sense, according to several people familiar with the firm....
Rising interest rates and a ‘talent war’ are dampening enthusiasm for the multi-manager strategy
...US-based Millennium, for example, has in excess of 300 teams (or “pods”) each with an individual strategy. Sophisticated risk systems prevent big drawdowns....
...Millennium and América Móvil declined to comment. Analysts said the size of Millennium’s bet was striking, even for one of the world’s biggest hedge funds....
...Who Lisney Sotheby’s International Realty Passage West, County Cork, €1.95mn Where In the southern port town of Passage West, which is a 20-minute drive from Cork city....
...The so-called multi-manager method was pioneered by Ken Griffin’s Citadel and Izzy Englander’s Millennium Management....
...“This is the first time in this millennium that the full weight of US antitrust law has been brought down on a tech company for abuses of antitrust law in the tech industry,” Epic Games chief executive Tim...
...Multi-manager hedge funds are a subset of this category, albeit the most prominent type because of the success of Citadel and Millennium....
...Citadel and Millennium declined to comment....
...His about-face turned out well for Millennium’s investors....
...New York-based hedge fund Millennium Management has hired Linklaters partner Pansy Wong as international general counsel, based in London....
...DE Shaw killed it in 2022, and while Citadel’s performance will no doubt grate with Izzy Englander, Millennium had a great one too. Steve Cohen’s Point72 also chalked up a $2.4bn gain....
...Millennium declined to comment. laurence.fletcher@ft.com...
International Edition