Millennium Management, led by Izzy Englander, is set to raise up to $10 billion in new capital for its hedge fund. Despite investor interest reaching up to $20 billion, the firm has decided to maintain its initial fundraising limit at $10 billion.
The hedge fund, which manages $69.5 billion in assets, benefits from its popular multi-manager, multi-strategy approach that provides steady returns regardless of market conditions. Since its inception in 1989, Millennium has suffered a loss only once, in 2008, when it declined by about 3%. As of September this year, the fund has gained 9.5%.
Millennium's consistent performance and robust investment strategy continue to attract significant investor interest, highlighting its strong position in the financial market.
