Millennium raised $1.8 billion in Q1
April 20, 2011
Britt Erica Tunick
Marketing chief John Novogratz has been instrumental in attracting capital, investors said.
Bringing on a marketing chief has paid off for Izzy Englander’s Millennium Management. The firm raised $1.8 billion in new capital in the first quarter of this year, taking its total assets under management to $10.6 billion.
Investors credit Millennium’s successful fundraising, in part, to Englander’s decision to bring on John Novogratz in December 2009 to head up the firm’s marketing efforts—the first person to fill such a role at the firm. Novogratz had previously spent nearly six...
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