Hedge Funds

Millennium raised $1.8 billion in Q1


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 years as a marketing executive with responsibility for fundraising in the Middle East, Europe and Asia at Fortress Investment Group, where