Millennium suffered big losses in one of the $81 billion hedge fund's favorite strategies last month
Tehnologie
It was a rough November for some of the biggest teams at a renowned hedge fund behemoth. Izzy Englander's $81 billion Millennium suffered significant losses in its index-rebalance portfolios last month, several people told Business Insider. Teams run by star money managers Glen Scheinberg and Pratik Madhvani were down hundreds of millions of dollars, these people said, though the final losses for the month are not clear, as the strategy had a small bounceback at the end of November. Millennium
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