Hedge Funds: Millennium Loses $900 Million on Index Rebalancing

Welcome to the Hedge Funds Brief, your weekly read on the industry, including market calls, personnel moves and performance.

Headlines

Millennium lost about $900 million so far this year from two teams focused on index rebalancing, a strategy recently upended by global stock market volatility.

Qube Research & Technologies, a secretive hedge fund that has grown into an industry giant, has added billions of dollars more to its assets so far this year.

Izzy Englander is considering offering top executives stakes in Millennium.

Pierre Andurand erased all his gains from last year in the first two months of 2025, continuing ...