Millennium Sells $2 Billion Minority Stake in Hedge Fund Firm

Izzy Englander sold a roughly 15% stake in his Millennium Management to a group of investors, helping to prepare one of the world’s largest hedge funds for a time when...

By Katherine Burton, Hema Parmar · Bloomberg

Izzy Englander sold a roughly 15% stake in his Millennium Management to a group of investors, helping to prepare one of the world’s largest hedge funds for a time when he no longer sits at the helm.