Millennium is an institution. The hedge fund, with $81 billion in assets, has been around for a while. In a 2024 letter to investors , billionaire founder Izzy Englander said the firm "is far too large and intricate for a single individual to manage." A onetime potential successor to Englander — Jain Global founder Bobby Jain — was replaced by a four-person office of the CIO. The firm has CEOs for its EMEA and APAC businesses. There is no key-man clause for investors in the firm, meaning