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The strategy a $69 billion hedge fund uses to make sure it never loses money in the stock market

Millennium Management's $69 billion hedge fund has lost money in just one year since its 1989 found…

Matthew Fox   


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$35 billion hedge fund Millennium Management has hired a top trader from Citigroup

At Millennium, Ridd's new role will entail working on the firm's central risk desk, according to pe…

Alex Morrell   


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San Franciscans have 'arguably been defrauded' into buying homes in sinking Millennium tower

Peskin and his team reviewed more than 1,600 documents from the Department of Building Inspection, …

Sonam Sheth   


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Disney tried to hide the Millennium Falcon with shipping containers - but it's on Google Maps

Kevin Beaumont looked at Longcross Studios on Google Maps, and found something interesting: th…

Carrie Wittmer   


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It Looks Like The Millennium Falcon Will Be In 'Star Wars: Episode VII'

After releasing more than 40 new photos yesterday, TMZ released a new group of photos showing off, …

Kirsten Acuna   


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Photos of cracks running across the basement of San Francisco's leaning, sinking skyscraper are unreal

Dodson, an engineer and a lawyer, told "60 Minutes" that structural and geotechnical engineers sugg…

Melia Robinson   


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Bradley Saacks   


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One of the hottest hedge fund launches of the year might've found itself a name

The name was registered in a filing by Michael Gelband, and has been floated among industry insider…

Rachael Levy   


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A 58-story skyscraper in San Francisco is sinking - now the city is suing its developers

The issue first came to light in 2010, when the developers of a neighboring construction project hi…

Melia Robinson   


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A top executive at Izzy Englander's $35 billion hedge fund has left

Izzy Englander's Millennium managed about $35 billion in assets as of April 1, according to the com…

Rachael Levy   


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The situation at San Francisco's sinking skyscraper is so dire that the most expensive condo has sold for $1 million under the asking price

In January, construction crews began drilling near Millennium Tower to see if a planned fix for the…

Melia Robinson   


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Sunny Chanel   


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The situation at San Francisco's sinking skyscraper is so dire, residents are selling their condos at a loss of millions

A year ago, a penthouse unit at Millennium Tower, previously owned by late venture capitalist Tom P…

Melia Robinson   


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A fix for San Francisco's sinking skyscraper could cost upwards of $100 million, and no one wants to foot the bill

The developer of the Transbay Transit Center has insisted it's not at fault. A statement from the T…

Melia Robinson   


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There was a mistake built into the original Millennium Falcon - here's how it happened

According to Roger Christian, who was set decorator on "A New Hope" (and earned an Oscar for his wo…

Jason Guerrasio   


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Michael Gelband's ExodusPoint debuted with a record $8.5 billion in assets. Expectations have been high ever since.

Since debuting in 2018, ExodusPoint has struggled with middling returns. Yet it continues an inexor…

Michelle Abrego   


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1 min read

A portfolio manager at Izzy Englander's $35 billion hedge fund is setting off on her own

Nainzadeh has worked at Millennium for the past 13 years and has been a fundamental equities portfo…

Rachael Levy   


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Repairs to stop a 58-story San Francisco luxury building from sinking instead made it sink more

Since its opening in 2009, the $350-million Millennium Tower had already sunk 17 inches when the co…

Jake Epstein   


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A star trader who generated $7 billion in revenue is prepping his own hedge fund launch

Gelband announced he would be leaving Millennium back in January. He told colleagues in an email at…

Rachael Levy,Matt Turner   


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Inside Millennium Management's sprawling network of hedge fund spin-offs

More than 70 former employees of Millennium have launched their own hedge funds, according to our r…

Bradley Saacks