Englander’s Millennium Down 2.7% this Month to March 12

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Englander’s Millennium Down 2.7% this Month to March 12 – Sources (Reuters)
LONDON, March 18 (Reuters) – Hedge Fund Millennium Management, which has $40 billion in assets under management, lost 2.7% in the first 12 days of March, two sources with knowledge of the matter told Reuters on Wednesday. The losses follow the multi-strategy fund run by Israel Englander eking out gains of 0.38% in February after returns of 9.2% in 2019, according to data compiled by HSBC and seen by Reuters. Hedge funds that employ a similar strategy were down 1.29% on average in February, according to a report from Nomura.
 
dealmaker said:
Englander’s Millennium Down 2.7% this Month to March 12 – Sources (Reuters)
LONDON, March 18 (Reuters) – Hedge Fund Millennium Management, which has $40 billion in assets under management, lost 2.7% in the first 12 days of March, two sources with knowledge of the matter told Reuters on Wednesday. The losses follow the multi-strategy fund run by Israel Englander eking out gains of 0.38% in February after returns of 9.2% in 2019, according to data compiled by HSBC and seen by Reuters. Hedge funds that employ a similar strategy were down 1.29% on average in February, according to a report from Nomura.
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That's very good relative performance compared to S&P500.
 
Love Izzy....Hes my guy..Gave me my first big break on Wall Street..
Met him in 1983 at a Karate school and he got me a job at Salomon Bros
and later worked for him at JAMIE and Millenium
 
Englander’s Millennium to Shut Some ‘Trading Pods’ as Coronavirus Bites – FT(Reuters)
March 19 (Reuters) –Millennium Managementhas closed many of its “pods” run by teams of traders, as violent market swings caused by jitters over the economic fallout of the coronavirus led to losses, the Financial Times reported here citing two sources. Millennium, one of the industry’s biggest hedge funds, has closed “trading pods” in double-digit numbers, the report said, adding that job cuts at the firm that runs between 150 and 200 pods are expected.
 
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