March 18, 2020 / 12:35 PM / 2 months ago

Englander's Millennium down 2.7% this month to march 12 - sources

LONDON, March 18 (Reuters) - Hedge Fund Millennium Management, which has $40 billion in assets under management, lost 2.7% in the first 12 days of March, two sources with knowledge of the matter told Reuters on Wednesday.

The losses follow the multi-strategy fund run by Israel Englander eking out gains of 0.38% in February after returns of 9.2% in 2019, according to data compiled by HSBC and seen by Reuters.

Hedge funds that employ a similar strategy were down 1.29% on average in February, according to a report from Nomura. (Reporting by Maiya Keidan, editing by Kirstin Ridley)

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