Millennium Partner’s Israel Englander discusses the state of the Hedge Funds Industry

November 22nd, 2009
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Israel Englander, billionaire founder of Millennium Partners, spoke about the state of the hedge fund industry at the Absolute Return Symposium in New York last week. According to the New York Times’ DealBook, Mr. Englander spoke about how the financial crisis has shifted power from hedge fund managers to investors. He said Millennium is feeling the pressure to increase transparency and even invite in third party reviews of company practices in an attempt to reassure investors. Mr. Englander remarked that apart from other major financial industries, hedge funds require much more “independent verification” to show value on a financial position.

On the matter of regulation, Mr. Englander remarked that more regulation not necessarily a bad thing if it makes the average investor more comfortable. He also added that hedge fund managers should always have their own assets invested in their funds to demonstrate that they have skin in the game.
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For Detailed Investor Profiles on these Investors, click below:
Millennium Management
Related People: David Nolan; Israel Izzy Englander; Jonathan Larkin; Michael Gelband
Related Entities: Millennium International Fund; Millennium Management LLC; Millennium Partners; Millennium Partners LP; Millennium U.S.A.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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