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Two Millennium Trading Pods Made About $3.7 Billion Last Month
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Two Millennium Trading Pods Made About $3.7 Billion Last Month Two teams focused on trading index changes at Millennium Management made billions of dollars between them in June, lifting the multistrategy hedge fund’s monthly gains. Pods run by Glen Scheinberg and Pratik Madhvani made about $3.7 billion in total last month, according to people with knowledge of the matter. The gains accounted for more than half of the about $6.6 billion profit generated by Millennium before fees in June, the...
Two Millennium Trading Pods Made About $3.7 Billion Last Month
Two teams focused on trading index changes at Millennium Management made billions of dollars between them in June, lifting the multistrategy hedge fund’s monthly gains.
Pods run by Glen Scheinberg and Pratik Madhvani made about $3.7 billion in total last month, according to people with knowledge of the matter. The gains accounted for more than half of the about $6.6 billion profit generated by Millennium before fees in June, the people said, asking not to be identified because the details are private.
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