Israel "Izzy" Englander is the founder, chairman, and CEO of Millennium Management, a $68 billion multi-strategy hedge fund that is widely considered one of the most consistent performers in the industry. Since its founding in 1989, Millennium has reportedly posted only one losing year — a modest -3% in 2008 during the global financial crisis.
Englander grew up in Brooklyn, New York, and graduated from New York University's Stern School of Business. He began his career as a floor trader on the American Stock Exchange before founding Millennium with $35 million in seed capital.
Millennium's platform model employs over 330 independent trading teams across equities, fixed income, commodities, and other strategies. The firm's risk management is considered best-in-class, with strict position limits and automated drawdown controls. Millennium has generated over $55 billion in net profits since inception, and Englander's personal net worth is estimated at approximately $12.5 billion.
SEC 13F filings, Institutional Investor Rich List, LCH Investments Annual Report
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Return | +10% | +15% | +12% |