Reported 4 days ago
Millennium Management, a $69 billion hedge fund, employs a strict trading strategy focused on cutting losing positions quickly to maintain profitability, having lost money only once since its inception in 1989. With 2,600 traders using various strategies across different asset classes, the fund has generated $56 billion in profits over its history. This disciplined approach not only keeps the firm profitable but has also made founder Israel Englander a billionaire.
Source: YAHOO