After Bond Chief’s Exit, Millennium’s Englander on His Own

  • Michael Gelband quit after seeking bigger role at hedge fund
  • Resignation leaves founder with task of rebuilding top ranks
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Israel Englander isn’t used to getting blindsided.

But on the morning of Jan. 3, Englander, the billionaire founder of Millennium Management, was caught off guard in his eighth floor offices on Fifth Avenue when his top lieutenant and potential successor abruptly resignedBloomberg Terminal.