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Millennium Exclusive: Why its Pulling the $1.5bn Stake in Meridian

Millennium Management, a renowned multi-strategy firm founded by Izzy Englander, has recently withdrawn its significant investment from Meridiem Capital Partners.

Israel Englander, chairman of Millennium Management, which is said to be up nearly 10 percent this year. PHOTO: Phil McCarten/Reuters
Israel Englander, chairman of Millennium Management, which is withdrawing all of its $1.5bn stake in Meridian. PHOTO: Phil McCarten/Reuters

This move, coming three years after an initial investment of $1.5 billion, was initiated as the agreed-upon lockup period came to an end.

Meridiem Capital Partners, led by Khalid Malik, a former portfolio manager at Citadel and an ex-employee of Steve Cohen’s SAC Capital Advisors, has been a part of Millennium’s diverse investment

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