Izzy Englander
Izzy Englander is the Chairman and CEO of Millennium Management, a global alternative investment powerhouse. He started Millennium with $35 million. Today, the firm is one of the largest investment management firms with over $61 billion in AUM. Englander has over 35 years of extensive experience in securities and derivatives across a broad range of instruments and strategies. Prior to establishing Millennium Management in 1989, he was a floor broker, trader and specialist on the American Stock Exchange and owned a specialist operation. He has also been on numerous American Stock Exchange committees, including Allocations, Allocation Procedures, Emerging Company Marketplace, Options, and Special Allocations.
INVESTMENT PHILOSOPHY
Englander advocates for a multi-manager approach, trusting individual teams with substantial autonomy within a defined risk framework.
He uses strategies such as convertible and merger arbitrage, statistical arbitrage, and fundamental long/short pairing.
He says that his success is based on the fact that he has followed a few simple rules throughout his career:
Maintain severe risk control.
Be committed to non-directional strategies.
Be disciplined enough to constantly observe the first two principles
FORBES RECOGNITION
2023 Forbes 400
2023 Forbes Billionaires
2019 Forbes The Highest-Earning Hedge Fund Managers
PHILANTHROPY
Englander is a committed philanthropist, actively supporting Jewish causes and educational initiatives.
He founded the Millennium Foundation, focusing on improving educational opportunities for underserved communities.
He also contributes to medical research and cultural institutions, demonstrating a broader commitment to social responsibility.
EDUCATION
B.S., Finance, New York University
MEDIA & APPEARANCES
Englander has been featured in and profiled by numerous financial media outlets and publications.
He has appeared in Forbes, Bloomberg, Business Insider, Institutional Investor, New York Post, Yahoo! Finance, Financial Times, and many more.