+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

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

Dec 24, 2020, 19:58 IST
Business Insider
According to a Business Insider review of LinkedIn, media reports, and industry sources, more than 70 former employees of Englander have launched their own funds across the globe.Phil McCarten/REUTERS

One could argue that Millennium Management's greatest advantage over other hedge funds is its ability to keep talented people in-house.

Advertisement

The massive hedge fund has a unique structure that lets portfolio managers operate in independent silos. The setup, which is grants PMs even more autonomy than fellow multi-strategy funds though with tight risk and loss parameters, helps billionaire founder Israel Englander convince staffers who might leave a more traditional fund to stay in-house - and recruit top talent into his firm.

However, despite that and given he launched the firm over 30 years ago, Englander has sprouted a network of hedge funds.

According to a Business Insider review of LinkedIn, media reports, and industry sources, more than 70 former employees of Englander have launched their own funds across the globe.

SUBSCRIBE NOW TO READ THE FULL STORY AND SEE OUR EXCLUSIVE GRAPHIC: Inside the alumni network of billionaire Israel Englander, the founder of hedge-fund behemoth Millennium

If you're interested in seeing the influence of other massive hedge funds, we have also mapped out the web of billionaires linked by Julian Robertson's Tiger Management and the alumni network that's grown out of Ken Griffin's Citadel.

Advertisement

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article