Millennium Management rose 15% in 2024

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Easy Englander Millennium Management’s hedge fund rose 2.5 per cent in December, taking 2024 returns to 15 per cent, according to investors.

The firm is one of the world’s leading multi-manager hedge funds, managing $72.1 billion across more than 320 investment teams and trading a range of strategies.

Multi-manager hedge funds typically organize traders across a variety of asset classes, all of which are controlled by a central risk system designed to prevent large losses.

Englander still owns 100 percent of Millennium, which he founded in 1989 with assets of just $35 million. Millennium and Ken Griffin’s Castle are pioneers of multi-manager funds, which in recent years have been the fastest-growing corner of the $4.5 trillion hedge fund industry.

Millennium’s revenues last year lagged those of the Standard & Poor’s 500, an index of major US companies, which rose 23 per cent on the back of big gains for a handful of technology companies.

Millennium He declined to comment.