Millennium Loses $900 Million on Strategy Roiled by Market Chaos
(Bloomberg) -- Millennium Management lost about $900 million so far this year from two teams focused on index rebalancing, a strategy recently upended by global stock market volatility, according to people familiar with the matter.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Where New York City's Zoning Reform Will Add HousingHow