Englander’s Millennium Is Returning $8 Billion to Investors
- Firm lifts cap to $6 billion for newest long-term share class
- Millennium’s flagship fund rose 16% this year through October
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Izzy Englander’s Millennium Management plans to return $8 billion to investors at year-end as part of its effort to create a more stable capital base.
The money will come from a share class that can be redeemed in full after a year, people with knowledge of the matter said. The firm’s shorter-term capital accounts for about 70% of its $47 billion in assets under management.