Hedge fund giant Millennium delivered a return of 10.5 per cent to investors in 2025, recovering after a lacklustre first half but along with heavyweight rival Citadel lagging behind many smaller firms in the “multi-manager” sector.
Izzy Englander’s Millennium was briefly in the red in the first few months of last year, as markets were rocked by US President Donald Trump’s trade war.
But the firm, which manages $83.5bn, recovered to gain 2.2 per cent after six months of 2025, with steady returns in the second half carrying it to a 10.5 per cent return net of fees, according to a person that had seen the numbers.
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