请输入您要查询的百科知识:

 

词条 Israel Englander
释义

  1. Early life and education

  2. Investment career

      Early business career    Millennium Management  

  3. Personal life

  4. Wealth and philanthropy

  5. See also

  6. References

  7. External links

{{short description|American billionaire hedge fund manager}}{{Infobox person
|name = Israel Alexander Englander
|image =
|caption =
|birth_name =
|birth_date = {{birth year and age|1948}}
|birth_place = New York City, New York, U.S.
|death_date =
|death_place =
|nationality = American
|other_names = Izzy Englander
|education = New York University
|occupation = Investor, hedge fund manager, and philanthropist
|known_for = Founder and CEO, Millennium Management
|spouse = Caryl Schechter
|children = 3
|parents =
|networth = US$6 billion (October 2018)[1]
}}Israel Englander (born 1948) is an American investor, hedge fund manager, and philanthropist.[1] In 1989, he founded his hedge fund, Millennium Management, with Ronald Shear. The fund was started with $35 million. As of February 2017 has $34.77 billion in assets under management.[2]

With a personal net worth of $6 billion, he is the 98th richest person in the United States and was the 5th highest earning hedge fund manager in 2018.[1]

Early life and education

Israel "Izzy" Englander was born in 1948 and was raised in a Polish-Jewish family in the Crown Heights neighborhood of Brooklyn.[3] He was raised in a religious home and attended yeshiva.[3] His parents were immigrants from Poland who arrived in the United States in 1947 after being deported to a Soviet labor camp after the war, where Englander's two older sisters were born. His father’s entire family was killed during the Holocaust.[3]

Always interested in the stock market, Englander began trading stocks while in high school. During college, he interned at Oppenheimer & Co. (where his future brother-in-law, Jack Nash, would eventually become president and chairman) and at the New York Stock Exchange. In 1970, he graduated from New York University with a B.S. in finance. His first full-time job was with the Wall Street firm Kaufmann, Alsberg & Co. He later enrolled in New York University's MBA program in the evenings but never completed the degree.[1][3]

Investment career

Early business career

At Kaufmann Alsberg, Englander focused on trading convertible securities and options. When the American Stock Exchange began to list options, he purchased a seat on the exchange. In 1977, he formed a floor brokerage house, I.A. Englander & Co.[4] in which he still owns a passive interest.

In 1985, Englander and his partner John Mulheren Jr., started an investment firm called Jamie Securities Co. with a $75 million investment from the Belzberg family of Canada. Mulheren had previously worked as a trader for Ivan Boesky. In February 1988, when Boesky was later convicted of insider trading, and agreed to testify against Mulheren in a plea deal to receive a lesser sentence,[3] Mulheren was arrested for carrying a loaded assault rifle, .[5] convicted of orchestrating illegal stock trades for Boesky, but the ruling was later overturned. Although Englander was never implicated in the matter in any way, Jamie Securities was dissolved in 1988 due to the negative publicity in the aftermath of Mulheren's situation.[3]

Millennium Management

In 1989, Englander started Millennium Management with Ronald Shear - whom he knew from his time at the American Stock Exchange - with $35 million[6] in seed money (including $5 million from Englander himself and another $2 million from the Belzberg family). The firm got off to a rough start and Shear left in 1990.[3] Since then, Englander has grown Millennium into a $20-plus billion dollar (under management) enterprise by using investment strategies like statistical arbitrage (quantitative analysis); fundamental long-short pairing; merger arbitrage (taking advantage of price differentials between a buy-out target company's stock price and bid price) and convertible arbitrage (taking advantage of price differentials between a company's stock price and convertible bond or stock warrant price).[3] At any given time, Millennium holds thousands of investment positions and makes over 2 million trades on an average day.[6] At the end of 2013, Millennium had 1500 employees in more than 12 offices around the world.[6]

Personal life

Englander is married to Caryl (née Schechter) Englander. They have three children.[1][7]

Wealth and philanthropy

In 2006, the Englander Foundation, headed by Englander and his wife, donated $20 million to mostly Jewish organizations and schools.[3] Englander serves on the board of Weill Cornell Medical College[8] and the Metropolitan Council on Jewish Poverty.[9] In March 2019, he was named one of the highest-earning hedge fund managers and traders by Forbes.[10]

See also

  • WorldQuant

References

1. ^{{cite web|url=https://www.forbes.com/profile/israel-englander/|title=Israel Englander|publisher=Forbes|accessdate=2018-10-28}}
2. ^{{Cite web|url=https://www.mlp.com/who-we-are/|title=Who We Are {{!}} Millennium Management|last=Management|first=Millennium|website=www.mlp.com|language=en|access-date=2017-02-20}}
3. ^Institutional Investor: "Izzy Englander's Growth Strategy for Millennium" by Stephen Taub May 20, 2009
4. ^{{cite web|title=Company history|url=http://iaenglander.com/history&pid=93|work=I.A. Englander website|date=March 23, 2013}}
5. ^[https://books.google.com/books?id=xNHIpVJgcHgC&pg=PA206 Den of Thieves by James B. Stewart] pp 421-428
6. ^{{cite web|last=Knaub|first=Matthias|title=Israel A. Englander|url=http://www.opalesque.tv/hedge-fund-videos/Izzy_Englander_Israel_A._Englander/1|work=Opalesque TV|publisher=Opalesque Group|accessdate=5 April 2014|format=transcript|date=19 Dec 2009}}
7. ^[https://www.nytimes.com/1998/09/16/classified/paid-notice-deaths-schechter-samuel.html New York Times: "Paid Notice: Deaths SCHECHTER, SAMUEL"] September 16, 1998
8. ^{{Cite web|url=https://overseers.weill.cornell.edu/display/public/Members|title=Weill Cornell Medical College|last=|first=|date=|website=|publisher=|access-date=}}
9. ^{{Cite web|url=http://www.metcouncil.org/site/PageServer?pagename=About_Our_Leadership|title=Our Leadership - Metropolitan Council on Jewish Poverty|website=www.metcouncil.org|access-date=2016-06-07}}
10. ^https://www.forbes.com/sites/nathanvardi/2019/03/20/the-highest-earning-hedge-fund-managers-and-traders/#4e2c993a40eb

External links

  • Opalesque.tv: Izzy Englander interview, part 2 retrieved March 23, 2013
{{DEFAULTSORT:Englander, Israel}}

12 : 1948 births|American billionaires|American derivatives traders|American hedge fund managers|American investors|American money managers|Philanthropists from New York (state)|American stock traders|Businesspeople from New York City|Living people|Jewish American philanthropists|Stern School of Business alumni

随便看

 

开放百科全书收录14589846条英语、德语、日语等多语种百科知识,基本涵盖了大多数领域的百科知识,是一部内容自由、开放的电子版国际百科全书。

 

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间:2024/9/20 17:19:15