{"id":9212,"date":"2008-11-25T00:00:00","date_gmt":"2008-11-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"englanders-millennium-funds-may-lose-1-billion-to-withdrawals","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/englanders-millennium-funds-may-lose-1-billion-to-withdrawals.html","title":{"rendered":"Englander&#8217;s Millennium Funds May Lose $1 Billion to Withdrawals"},"content":{"rendered":"<p>Bloomberg &#8211; Millennium Partners LP, the $13.5 billion hedge-fund firm run by Israel Englander, plans to return $1 billion to investors who asked for their cash back by year-end, according to two people familiar with the matter. <\/p>\n<p>The redemptions, equal to 7.4 percent of client assets, would have been higher except the New York-based firm limits redemptions in any quarter, said the people, who asked not to be identified because the information is private. A spokeswoman for Millennium declined to comment. <\/p>\n<p>Millennium lost about 3 percent this year through October, the people said, compared with hedge funds&rsquo; average decline of 16 percent, according to data compiled by Hedge Fund Research Inc. Two percentage points of Millennium&rsquo;s loss were caused by assets frozen in the September bankruptcy of Lehman Brothers Holdings Inc., one of the people said. <\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=aGkIjZN9zDdU&#038;refer=home\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Millennium Partners LP, the $13.5 billion hedge-fund firm run by Israel Englander, plans to return $1 billion to investors who asked for their cash back by year-end, according to two people familiar with the matter. The redemptions, equal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[310,768,138,2540,1599,96,1517,83,3890,48,146,1516],"class_list":["post-9212","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-doors","tag-east-coast-routes","tag-financial-statements","tag-flagship-products","tag-lehman-brothers-holdings","tag-lehman-brothers-holdings-inc","tag-medallion","tag-middle-east","tag-money","tag-person-team","tag-sailfish-capital-partners-llc"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9212"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9212\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}