Inside the sprawling network of hedge fund spin-offs from Israel Englander’s Millennium Management

One could argue that Millennium Management’s greatest advantage over other hedge funds is its ability to keep talented people in-house.



Israel Englander wearing a suit and tie: More than 70 former employees of Englander have launched their own funds across the globe. Phil McCarten/REUTERS


© Phil McCarten/REUTERS
More than 70 former employees of Englander have launched their own funds across the globe. Phil McCarten/REUTERS

The massive hedge fund — which manages some $46 billion in assets across hundreds of teams — has a unique structure that lets portfolio managers operate in independent silos. The setup, which is grants PMs even more autonomy than fellow multi-strategy funds though with tight risk and loss parameters, helps billionaire founder Israel Englander convince staffers who might leave a more traditional fund to stay in-house — and recruit top talent into his firm. 

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However, despite that and given he launched the firm over 30 years ago, Englander has sprouted a network of hedge funds.

According to a Business Insider review of LinkedIn, media reports, and industry sources,

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Were Hedge Funds Right About Paycom Software Inc (PAYC)?

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an individual investor’s stock selection process, as it may offer great insights of how the brightest minds of the finance industry feel about specific stocks. After all, these people have access to smartest analysts and expensive data/information sources that individual investors can’t match. So should one consider investing in Paycom Software Inc (NYSE:PAYC)? The smart money sentiment can provide an answer to this question.

Paycom Software Inc (NYSE:PAYC) investors should be aware of an increase in hedge fund interest of late. Paycom Software Inc (NYSE:PAYC) was in 36 hedge funds’ portfolios at the end of the

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World’s Top Hedge Fund Soars 275% With Bets on China Schools

(Bloomberg) — Long before he ran the world’s best-performing hedge fund, Qian Yongqiang chaired China’s biggest online dating service.

The Yale graduate would spend hours tracking down attractive users with suspicious profiles, sifting through accounts and deleting thousands of scammers to improve the site’s authenticity and ensure its success.



a man sitting on a couch: QQQ Fund's Founder Qian Yongqiang Portraits


© Bloomberg
QQQ Fund’s Founder Qian Yongqiang Portraits

Qian Yongqiang on Oct. 30.

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Photographer: Wei Leng Tay/Bloomberg

Now he’s betting that same attention to detail and strong returns will help turn his Singaporean firm into a wealth management giant. Between January and September, QQQ Capital Management posted gains of 275%, making it the top hedge fund in the world, according to Eurekahedge data. QQQ says assets under management rose to about $1 billion last month, with most of the money coming from Qian.

The gains have come with concentration risks that many fund managers would balk at: QQQ has

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Are These Hedge Funds Sorry For Dumping Take-Two Interactive Software, Inc. (TTWO)?

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) investors should be aware of a decrease in enthusiasm from smart money of late. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was in 61 hedge funds’ portfolios at the end of the second quarter of 2020. The all time high for this statistics is 66. There were 66 hedge funds in our database with TTWO holdings at the end of March. Our calculations also showed that TTWO isn’t among the 30 most popular stocks among hedge funds (click

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