Millennium Returns $15 Billion in Pursuit of Longer-Term Cash
- Firm on pace to bring in $10 billion of long-term money
- About 75% of assets will be longer-term after change is made
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Izzy Englander’s Millennium Management plans to return a record $15 billion to investors at year-end, a big step toward creating a more stable capital base.
As it has done since 2018, Millennium will return money to clients from a share class that can be redeemed in full over a year, according to investors. The amount it’s sending back now is so big that it exceeds the assets of most hedge funds operating today.