People

Izzy Englander

Izzy Englander

Formal First Name
Israel (Izzy)
Link
Dates
1948 - present

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:

  1. Maintain severe risk control.

  2. Be committed to non-directional strategies.

  3. Be disciplined enough to constantly observe the first two principles


FORBES RECOGNITION


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


MEDIA & APPEARANCES