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Millennium Exclusive: Schonfield Partnership Explained

Millennium Management, led by Izzy Englander, is reportedly in discussions with Schonfeld Strategic Advisers for a substantial investment deal.

(L-R): Richard Benson, Co-CIO, Umberto Alvisi, Co-CIO, Mark Astley, Co-CEO and Simon Lack, Director (Digital Asset Solutions), Millennium Global Investments).
(L-R): Richard Benson, Co-CIO, Umberto Alvisi, Co-CIO, Mark Astley, Co-CEO and Simon Lack, Director (Digital Asset Solutions), Millennium Global Investments).

This partnership between two major players in the industry is highly uncommon, with both firms based in New York.

Sources familiar with the matter revealed that Schonfeld, managing around $13 billion in assets, would handle funds for Millennium, which oversees roughly $60 billion.

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