Millennium Management

Millennium Management is a global investment management firm founded in 1989 by Israel Englander and Ronald Shear. The firm operates as a multi-strategy hedge fund, employing a diverse array of trading and investment strategies across various asset classes, including equities, fixed income, commodities, currencies, and derivatives. With over $75 billion in assets under management as of June 2025, Millennium has established itself as one of the world's largest alternative asset management firms. The firm operates in multiple regions, including the United States, Europe, and Asia, with offices in cities such as New York, London, Hong Kong, Singapore, and Tokyo. Millennium's investment approach is characterized by a decentralized model, consisting of over 300 independent trading teams, each pursuing specific strategies within a centrally-driven risk and operational framework. This structure allows the firm to maintain agility and adaptability in dynamic market conditions. The firm's leadership includes Israel Englander as Chairman and CEO, with Ajay Nagpal serving as President and Chief Operating Officer. Millennium's commitment to diversity and inclusion is evident through its membership in Out Leadership, an organization dedicated to improving LGBT+ equality in the workplace. The firm has also been involved in discussions regarding strategic partnerships and ownership structures to ensure its long-term stability and growth. In 2024, Millennium considered launching its first new fund in over three decades, targeting less liquid assets such as private credit, reflecting its strategic focus on diversifying its investment portfolio and capitalizing on emerging opportunities in the private credit market. Additionally, in 2025, Millennium engaged in discussions with Goldman Sachs' Petershill Partners to explore a potential sale of a minority stake in its management company, indicating ongoing efforts to enhance its capital base and institutional growth. These developments underscore Millennium's proactive approach to adapting to evolving market dynamics and its commitment to delivering high-quality returns to its investors.