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Englander's Millennium down 2.7% this month to march 12 - sources

Reuters
·1-min read

LONDON (Reuters) - Hedge Fund Millennium Management, which has $40 billion in assets under management, lost 2.7% in the first 12 days of March, two sources with knowledge of the matter told Reuters on Wednesday.

The losses follow the multi-strategy fund run by Israel Englander eking out gains of 0.38% in February after returns of 9.2% in 2019, according to data compiled by HSBC and seen by Reuters.

Hedge funds that employ a similar strategy were down 1.29% on average in February, according to a report from Nomura.

(Reporting by Maiya Keidan, editing by Kirstin Ridley)