Independent firm profile
Millennium Management
One of the world's largest multi-strategy hedge funds.
- Headquarters
- New York, USA
- Founded
- 1989
- Funding model
- Bank / Institutional
- Region served
- North America
Community rating
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Overview
What this firm is and who it serves
Millennium is one of the largest and oldest multi-strategy multi-manager hedge funds, with hundreds of portfolio teams trading equities, fixed income, statistical arbitrage, commodities, and global macro under tight risk controls.
"Compound capital steadily through a diversified, risk-controlled multi-PM platform."
At a glance
Structured facts about this firm
- Firm Type
- Bank / Institutional prop firm
- Market Focus
- Futures, Stocks, Options, Forex
- Trading Style
- Bank or Institutional Prop Desk
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders
- Geography
- New York, USA · North America
- Known For
- Hundreds of investment teams
- CEO
- Izzy Englander
- Team size
- 5,000+ employees
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Not applicable.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Top-tier compensation
- +Global infrastructure
- +Stable platform
Trade-offs
- −Strict drawdown rules
- −Highly selective
Frequently asked questions
Common questions about Millennium Management
Is Millennium Management a legitimate prop firm?+
Millennium Management was founded in 1989 and is headquartered in New York, USA. One of the world's largest multi-strategy hedge funds.
Does Millennium Management require an evaluation?+
No. Millennium Management offers funded accounts without a traditional evaluation phase.
What is the profit split at Millennium Management?+
Millennium Management's published profit split is: Pod P&L sharing + base.
How often does Millennium Management pay out?+
Millennium Management processes payouts on a quarterly/annual basis.
What platforms does Millennium Management support?+
Millennium Management supports the following trading platforms: Internal.
What trading restrictions does Millennium Management enforce?+
At Millennium Management, news trading is allowed, overnight holding is allowed, weekend holding is allowed. Always confirm current rules directly with the firm before trading.