Israel A. Englander and Ronald Shear, an acquaintance from the
American Stock Exchange (AMEX), founded the firm in 1989 with $35 million. In the spring of 2018, Millennium launched a joint venture with
WorldQuant, a
quantitative investment management firm. In 2019, London-based investment firm LCH Investment ranked Millennium Management 12th on their ranking of most successful hedge funds of all time reporting that since its founding in 1989 the firm had made $22.4 billion for its investors, In 2019, the company raised $4.1 billion after a two-year hiatus from raising new capital. The company expects to have raised $7.1 billion by March 2020 and manages a total of nearly $50 billion in capital. The company ended the year 2020 with 265 portfolio manager teams, the most in its history. As of February 2020, Millennium managed over 2,000 data sets from close to 400 providers, for a total of about 10 trillion records of data and over 2,000 terabytes of compressed stored data. == Company ==