Millennium Nears $100 Billion in New Era for Giant Hedge Funds
Millennium Management's assets have hit $97 billion, more than double what the firm oversaw six years ago, and is speeding toward $100 billion. The firm's founder, Izzy Englander, is ramping up an unusual model of seeding dozens of smaller would-be rivals to give his firm more capacity to take on investor cash, with $22 billion of new commitments set to close on Oct. 1. Bloomberg's Hema Parmar…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
