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 once-secretive firm

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 chaos...

ISSN: 2151-1845 / CDC10004H

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