Exclusive: Izzy Englander’s Millennium Management Focuses On Longer Term Capital

Earlier this month, Greylock Capital Associates, an emerging markets hedge fund, filed for bankruptcy protection in New York assets under management dwindled from nearly $1 billion in 2017 to $450 million at the end of 2020. After three years of losses, Bloomberg reported that assets could drop below $100 million by the end of the first quarter in the absence of new investments. Q4 2020 hedge fund letters, conferences and more Investor withdrawals have always been a challenge for hedge funds. It is often the case that investors panic when funds need the cash most. For example, in the first…