Israel Alexander Englander of Millennium Partners, LP

In May of 2009, the SEC alleged that a salesman at Deutsche Bank passed off insider trading information to Renato Negrin, a money manager who was employed at Millennium Partners at the time. The SEC did not charge Millennium with any allegations of improper conduct. Mr. Nergin is no longer employed at Millennium. Millennium has placed the profits from trades made by Mr. Negrin into escrow until the matter is resolved.

In January of 2009, Millennium Management announced that they had hired GlobeOp Financial Services to administer all its funds. This move came after a Swiss bank decided that it would no longer invest in funds that did not outsource administrative functions.

In December of 2008, it was reported that Millennium Partners had to return $1 billion to investors in redemptions by the end of the year.

In October of 2008, it was reported that Israel Englander had decided to move about $6 billion of his $14 billion Millennium Partners LP fund into cash.

In October of 2008, Millennium Management hired Michael Gelband to lead its fixed income business. Mr. Gelband was previously employed at Lehman Brothers.

In March of 2008, Millennium Capital Management acquired the assets of Castlegrove Capital, a London-based multi-strategy hedge fund active in global equity markets.

In June of 2007, it was announced that Renaissance Technologies and Millennium Partners had agreed to settle a legal battle over allegations that Millennium stole Renaissance’s proprietary trading information when it hired two of its former executives. James Simons, the head of Renaissance, argued that Millennium stole secrets when it hired physicists Pavel Volfbevn and Alexander Belopolsky. As part of the settlement, Millennium agreed to “sack Mr. Belopolsky and Mr. Volfbevn and never rehire or otherwise affiliate with them.” They also agreed to pay $20 million to Renaissance. Renaissance is still pressing individual lawsuits against Mr. Belopolsky and Mr. Volfbevn.

In March of 2007, Millennium Partners increased its stake in ZIOPHARM Oncology to 6%. ZIOPHARM is a biotech company in New York City, which licenses and develops cancer treatments.

In February of 2007, Millennium Management announced it had secured a 16.2% share of common stock in DayStar Technologies (DSTI). DayStar Technologies is a solar cell manufacturer.

In October of 2006, Israel Englander was profiled in a Forbes article on financial tycoons. Brooklyn-raised hedge fund titan dropped out of NYU’s M.B.A. program to work on Wall Street. Met first business partner, Ivan Boesky protégé John Mulheren, on floor of American Stock Exchange. Duo founded Jamie Securities; firm collapsed after Mulheren convicted for insider trading. Founded Millennium Partners hedge fund outfit 1990 with $35 million; returned 17% net of fees annually since. Today manages $7.5 billion. “Izzy” hates losses: fires traders who lose a predetermined amount of money. Stiff fees: charges 20% of profits, plus up to 4% of assets. Settled illegal-trading charges with SEC for $180 million in December; employees created 100 legal shell companies in a fraudulent scheme to market-time mutual funds. Personally paid $30 million. Lives in Manhattan’s famed 740 Park building.

In December of 2006, Millennium Management LLC (a shareholder) voiced its opposition to the acquisition of Lone Star Steakhouse & Saloon Inc.

In February of 2006, Israel Englander and Millennium Management LLC purchased 6% of Team Financial Inc.

In December of 2005, Millennium Partners and top executives, Israel Englander, Kovan Pillai, Terence Feeney and Fred Stone settled allegations brought on by NY Attorney General Eliot Spitzer and the SEC. The allegations were that the firm had engaged in a massive illegal trading scheme. Spitzer also alleged that Englander, along with other Millennium executives, set up more than 100 shell companies and opened 1,000 trading accounts at 39 clearing firms in order to fool mutual fund companies into allowing them to rapidly trade fund shares. Under the agreement of the settlement, all defendants neither admitted nor denied wrongdoing. The agreement called for Millennium to pay $148 million in penalties, while Englander pay $30 million, Feeney $2 million, Stone $25,000, and Pillai $150,000. Also, Englander, Feeney, and Stone are barred for three years from serving as an officer or director of an investment firm.

In 2004 article mentions Markovitz may cooperate in an investigation of Millennium and Englander.

In 2004, Israel Englander & Company was fined $10,000 by The Ethics and Business Conduct Committee for anti-competitive and harassing behavior of one of its employees.

In 2003, there was a mutual fund trading scandal involving a former portfolio manager from Millennium Partners. Steve Markovitz plead guilty to securities fraud related to late trading of mutual funds. He managed as much as $1 billion for Millennium. The scandal was pursued by the SEC and NY Attorney General Elliot Spitzer. At the time, the SEC and Spitzer were looking into Englander’s involvement, investigating into whether or not Israel was aware of the late trading or failed to supervise Markovitz properly. There has been some debate as to whether or not he would have known of the illegal trading.

In 2003, an article about trade practices lists Millennium Partners LP as having criminal charges filed against a former employee.

In 1988, Israel Englander was dragged into the headlines during an insider trading scandal. At the time he was partners with John Mulheren at a company called Jamie Securities. His partner, John Mulheren was charged with orchestrating illegal stock trades for Ivan Boesky. Shortly after the scandal broke Mulheren was arrested while carrying a rifle and fatigues. The allegation was that he was on his way to shoot Boesky. Later on, the charges against him were reversed and dropped but by that time Jamie Securities had disbanded.

Israel Englander, one of the most successful hedge fund managers, is also one of the less flamboyant members of the hedge fund industry. He is not known to spend money on expensive cars and private jets, and prefers a much more low-key lifestyle.