Millennium raised $1.8 billion in Q1

By Britt Erica Tunick

Wed Apr 20, 2011

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...

ISSN: 2151-1845 / CDC10004H

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