Izzy Englander

  • 11 May 2011 at 6:36 PM

At Least One Hedge Fund Manager Appreciates The Genius That Is The Post‘s Graphics Department

By Bess Levin

Q: What’s the first thing you guys read every morning?
A: “The Post. That’s my treat to myself.”– James Dinan. “The P&L statements.” — Izzy Englander. “An email from our London trading desk, which compiles all of the news about the companies I care about. I read it off a computer I had put in my closet, ’cause I’m lazy.” — Lee Ainslie.

  • 11 May 2011 at 6:28 PM

York Capital’s James Dinan: We Treat People Like People

By Bess Levin

Here’s what Lee Ainslie, James Dinan, Izzy Englander had to say on the “hedge funds legends” panel at this year’s SALT conference in Vegas about the culture within their firms:

Ainslie: “It’s very important to identify what you values are; make sure everyone understands what you’re trying to achieve as a team. Our training week at the beginning of the year starts with an ethics section. We never keep an individuals’s P&L- only team P&L, so no one person gets credit or blame for an investment decision, which makes for a very collegial culture and makes people do recognize that they’re there to what’s in the best interest of our investors. Continue reading »

  • 01 Apr 2011 at 2:26 PM

Which Hedge Fund Managers Made A Respectable Amount Of Money In 2010?

By Bess Levin

Those ranked 11-25 on AR Magazine’s annual paycheck list. Continue reading »

  • 19 Aug 2010 at 3:15 PM

Staff Departures At Millennium Have Nothing To Do With Shrinking Assets, Were In Fact Employees Who Were Thrown Out On Their Asses, Says Millenium

By Bess Levin

Since 2008, Millennium Management’s assets have fallen from $13 billion to $7 billion. Given the shrinkage, one might attribute the departures of a whole bunch of portfolio managers to a cost-cutting initiative on the fund’s part. Such is not the case says people “familiar with” the firm’s thinking. Everything is just peachy over there, none of this has anything to do with a shrinking asset base, and if you must know, despite the fact that several of the former employees’ exits appear to be voluntary in nature (Matthew Karchmer, for instance, “left last month for a job as a portfolio manager at D.E. Shaw”), Millennium will have you know the so-called cuts were apparently founder Izzy Englander taking a hard line with some bum staffers.

The decision to cut a portfolio manager is based only upon his or her performance, said a person familiar with Englander’s thinking. “If you’re not performing, you’re gone,” he said. “You perform, you stay.”

Englander Brushes Aside Millennium Exits [HFA]