• Millennium is using its AWS-hosted cloud tech as a key weapon to attract and retain top portfolio managers

    3 days ago - By Business Insider

    Summary List Placement As the war for talent rages among hedge funds, one firm is using technology - rather than money - as a key value prop for recruitment and retention.
    Millennium Management, the New York-based hedge fund founded by billionaire Israel Englander with $52.3 billion of assets under management, is investing in cloud technology to stand out among hedge funds.
    Michael Brams joined the firm in 2016 to help build out Millennium's cloud capabilities. The first production use case, a large-scale data analytics tool set for compliance, went live in late 2017.
    The firm saw how much...
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