Izzy opens up
Mon Mar 30, 2009
Even Millennium's strong performance can't keep investor redemptions at bay, leading to a change of approach for the once-secretive firm.
Even Millennium's strong performance can't keep investor
redemptions at bay, leading to a change of approach for the
By Britt Erica Tunick
Since founding Millennium Partners in 1989, Israel Englander
has had a penchant for secrecy that has made him as much of a
black box as the trading strategies his now-$11.5 billion hedge
fund firm employs. But given the turmoil surrounding hedge
funds these days, Englander, known to friends and colleagues as
"Izzy," appears to be making a 180-degree turnaround in his
approach to the outside world.
Like many hedge fund superstars, Englander has shunned the
spotlight and shrouded his firm in a veil of mystery. In one of
a handful of recent speaking engagements, however, Englander
was uncharacteristically open. Speaking to a roomful of
investors at the HedgeFund Intelligence Global Briefing Seminar
in New York on March 12, he acknowledged that "Mayhem and
ISSN: 2151-1845 / CDC10004H
The full contents of this article are available to active AR subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to AR.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.