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Izzy Englander's Growth Strategy for Millennium
Millennium Management founder Izzy Englander delivers consistently good returns by making low-risk bets that other hedge fund managers often ignore, but the longtime trader can’t seem to avoid controversy.
Early last year Israel Englander was growing uneasy. The chairman and CEO of Millennium Management had built his hedge fund firm into a multibillion-dollar goliath over two decades by “picking up nickels and dimes,” as he likes to say — using typically lower-risk investment strategies like merger and convertible arbitrage.
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