Index rebalancing takes a toll on Millennium in February

Millennium Management lost 1.3% in February, its worst monthly performance in six years. The firm, which is known for its [Read More]
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Performance Round-Up II: More multi-strategy, macro and commodity funds disclose negative February returns

President Trump’s conflicting signals on tariffs created turmoil in the markets. Volatility in February hurt multi-strategy funds with an equity-neutral [Read More]
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Englander may open ownership to top executives in succession planning move

Izzy Englander, 77, founder of Millennium Management, may expand ownership to his top executives and is working on a distribution [Read More]
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Norway’s sovereign wealth fund looking to allocate $250M in long/short mandates

Norges Bank Investment Management, which runs Norway’s $1.8 trillion sovereign wealth fund, invested in one outside long/short hedge fund manager [Read More]
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Sightings….

Malcolm Pratt has left Bank of America here he had been head of hedge funds sales. He has joined Clear [Read More]
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