Izzy Englander

Formal First Name

Israel (Izzy)

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Dates

1948 - present

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Izzy Englander is the Chairman and CEO of Millennium Management, a global hedge fund and alternative investment powerhouse. He started Millennium in 1989 with $35 million. Today, the firm is one of the largest investment management firms with over $60 billion in AUM. Englander is one of the most prominent Wall Street hedge fund managers with over 35 years of extensive experience in securities and derivatives across a broad range of instruments and strategies. Prior to starting Millennium, he was a floor broker, trader and specialist on the American Stock Exchange and owned a specialist operation. He served as Chairman of the Specialist Association and has been on numerous American Stock Exchange committees, including Allocations, Allocation Procedures, Emerging Company Marketplace, Options and Special Allocations.

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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; and Be disciplined enough to constantly observe the first two principles.

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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.

MEDIA & APPEARANCES

Englander has been featured in and profiled by numerous financial media outlets and publications.
He has been featured or quoted in Forbes, Bloomberg, Financial Times, Business Insider, the Wall Street Journal, Nasdaq, Institutional Investor, and more.

People