Millennium’s Englander Looks to Offer Top Executives Stakes (1)

Billionaire Izzy Englander is considering offering top executives stakes in his Millennium Management hedge fund, a person familiar with the matter said.

Opening up ownership of Millennium would incentivize the firm’s top executives and prepare for succession. The Financial Times first reported on Englander considering expanding ownership of Millennium to his top executives.

A spokesperson for Millennium declined to comment.

Englander, 78, established Millennium in 1989 and has grown the firm to become one of the world’s biggest hedge funds, overseeing $76 billion in assets.

Millennium has never sold off a portion of its business to a third party. However, ...