Millennium Backs Two Hedge Funds With More Than $3 Billion

Millennium Management has backed two more external managers with more than $3 billion in combined capital, the latest in a series of recent allocations by the hedge fund giant.

Izzy Englander’s firm has handed $2.3 billion to London-based Fulcrum Asset Management, people with knowledge of the allocation said. Millennium’s money will be managed within the firm’s equities-focused business led by Fulcrum partner Fawaz Chaudhry in a separately managed account, the people said, asking not to be identified as the details are private.