Mar 10th, 2025
Millennium’s $900 Million Loss Spells Broader Hedge Fund Pain
Millennium Management lost about $900 million so far this year from two teams focused on index rebalancing, a strategy recently upended by global stock market volatility, according to people familiar with the matter. Bloomberg's Nishant Kumar says this trade- index rebalancing- is very likely impacting other funds as well. He's on "Bloomberg Open Interest."
