Our Firm

A diversified global leader

Millennium is a global alternative investment management firm, founded in 1989, which manages more than $45 billion in assets. We seek to pursue a diverse array of investment strategies across industry sectors, asset classes, and geographies.

Our four primary strategies are:

  • RV Fundamental Equity

    Our teams perform fundamental research on companies both as generalists and as specialists within a particular sector or sub-sector.

  • Equity Arbitrage

    Our teams pursue a variety of systematic and fundamental arbitrage strategies across different parts of a firm’s capital structure and a variety of derivatives, such as merger arbitrage, event-driven strategies, convertible arbitrage, option-volatility trading, and others.

  • Fixed Income Strategies

    Our teams manage a number of different strategies including rates, macro, credit, mortgages and asset-backed securities, and commodities.

  • Quantitative Strategies

    Our teams build and enhance investment processes that are primarily quantitatively driven and focused on a variety of asset classes, including global equities, interest rates, foreign exchange instruments, and commodity-linked derivative instruments.

Mission

Driven by independence, sustained by discipline

At Millennium, our mission is clear – to deliver the alternative investment industry’s highest quality returns to our investors while maintaining a commitment to our principles of integrity, discipline, and excellence.

  • Integrity

    We operate with clarity of purpose, striving to maintain alignment with our investors and with the expectation that our personnel will operate with professionalism

  • Discipline

    Managing risk is at the core of what we do. We take a measured and thoughtful approach in both our investment and operational activities, pursuing new opportunities rigorously, pragmatically, and with any eye towards established criteria.

  • Excellence

    We believe in constantly improving how we operate, striving to develop leading talent, resources, and processes.

Investment Approach

Diverse and deliberate

While Millennium is constantly evolving, our core philosophy has remained unchanged. Our process is driven by independent portfolio management teams. Our teams identify and pursue opportunities according to their specialties and within a risk framework tailored to their strategies. With this approach, we seek to provide a level of consistency that is difficult to replicate.

Leadership

Experience yields results

Millennium is run by a deep and seasoned team of experts. They operate in a collaborative, innovative, and entrepreneurial environment and drive the overall strategy across all our investing and infrastructure activities.

Regulatory and Compliance

Rigorous approach to compliance

We are focused on effectively navigating our dynamic and multi-jurisdictional regulatory environment. Our professional in-house legal and compliance teams provide comprehensive control, guidance, and oversight.

Nearly a decade ago, we established a Regulatory and Compliance Advisory Council, comprised of external experts. The council helps us gain a more comprehensive perspective on critical regulatory developments and to adapt our policies and procedures in accordance with best practices.

  • Peter Clapman

    Former Chief Investment Counsel to TIAA-CREF

  • Sir Howard Davies

    Former Executive Chairman of the UK Financial Services Authority (now Financial Conduct Authority) and former Director of the London School of Economics and Political Science

  • Louis Freeh

    Former Federal District Court Judge and Former Director of the FBI

  • Joseph Grundfest

    Former Commissioner of the SEC and Professor at Stanford University School of Law

  • Aulana Peters

    Former Commissioner of the SEC and retired Partner of Gibson, Dunn & Crutcher

  • Harvey Pitt

    Former Chairman of the SEC

Recognitions

Awards

Institutional Investor

Institutional Hedge Fund Manager of the Year, Nominee – 2019

Multi-Strategy Hedge Fund of the Year, Nominee – 2019

 

HFMWeek

Multi-Strategy Hedge Fund Long-Term Performance (5 Years) – Winner – 2019

Multi-Strategy Hedge Fund over $1B – Nominee – 2019

2016-2018

HFMWeek

Multi-Strategy Hedge Fund over $1B – Winner – 2018

Multi-Strategy Hedge Fund (3 Years) – Winner – 2017

Multi-Strategy Hedge Fund over $1B – Nominee – 2017

Long-Term Performance (5 Years) over $1B – Nominee – 2017

Multi-Strategy Hedge Fund over $1B – Winner – 2016

Long-Term Performance (5 Years) over $1B – Nominee – 2016

 

Institutional Investor

Institutional Hedge Fund of the Year, Nominee – 2016

Multi-Strategy Hedge Fund of the Year, Nominee – 2016

 

2011-2015

Absolute Return

Multi-Strategy Category, Nominee – 2014

Best Long-Term Performance over 10 Years, Nominee – 2014

Best Long-Term Performer over 5 Years, Winner – 2013

Multi-Strategy Category, Nominee – 2013

Best Long-Term Performance over 10 Years, Nominee – 2013

Best Long-Term Performer over 5 Years, Nominee – 2012

Multi-Strategy Category, Nominee – 2011

Best Long-Term Performance over 10 Years, Nominee – 2011

 

Hedge Funds Review

Lifetime Achievement Award, Israel Englander – 2015

Best Multi-Strategy Hedge Fund – 2015

Best Non-Directional Hedge Fund over 10 years, Ceremony – 2014

Hedge Fund of the Year, Ceremony – 2014

Best Multi-Strategy Hedge Fund, Ceremony – 2014

Best Non-Directional Hedge Fund over 10 Years, Commended – 2012

Best Multi-Strategy Hedge Fund, Commended – 2012

 

HFMWeek

Multi-Strategy Hedge Fund, Winner – 2015

Management Firm of the Year, Nominee – 2014

Multi-Strategy Hedge Fund over $1B, Nominee – 2014

Management Firm of the Year, Winner – 2013

Multi-Strategy Hedge Fund over $1B,  Final Nominee – 2012

 

Institutional Investor

Multi-Strategy Hedge Fund of the Year, Winner – 2012

Lifetime Achievement Award, Israel Englander – 2012

Multi-Strategy Hedge Fund of the Year, Winner – 2011

 

2006-2010

Absolute Return

Multi-Strategy Category, Nominee – 2010

Long-Term Performance, Final Nominee – 2009

Multi-Strategy Hedge Fund of the Year, Final Nominee – 2009

Multi-Strategy Hedge Fund of the Year, Final Nominee – 2008

Long-Term Performance, Winner – 2008

Best Long-Term Performance over 10 Years, Winner – 2008

Long-Term Performance, Final Nominee – 2007

Multi-Strategy Category, Nominee – 2006

 

HFMWeek

Special Industry Contribution, Israel Englander – 2010

Multi-Strategy Hedge Fund over $1B, Winner – 2010

Multi-Strategy Hedge Fund over $1B, Winner – 2009

 

Institutional Investor

Multi-Strategy Hedge Fund of the Year, Final Nominee – 2010

 

2000-2005

Absolute Return

Multi-Strategy Category, Nominee – 2005