A portfolio manager at Izzy Englander's $35 billion hedge fund is setting off on her own

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A longtime portfolio manager at Izzy Englander's $35 billion hedge fund Millennium is setting off on her own.
Sara Nainzadeh is in the early stages of prepping a new hedge fund called Centenus Global Management with the backing of Millennium, according to people familiar with the matter.
The new New York-based firm will run a separately managed account for Millennium in addition to a commingled fund. Centenus is Latin for one hundred soldiers and is an homage to Millennium, which means one thousand.

Nainzadeh has worked at Millennium for the past 13 years and has been a fundamental equities portfolio manager since 2007, managing a multisector portfolio which includes transport, utilities, consumer, energy, and industrials.
Other staffers who are said to be joining the new fund include:
  • Yasmine Nainzadeh, her sister, as consumer sector head
  • Greg Reiss as utilities head
  • Michael Hayes as energy sector head
  • and Warren Sckolnick as chief operating officer and chief compliance officer.
The first three worked at Millennium, according to Bloomberg terminal profiles. Sckolnick previously worked at Magnetar and Seven Locks Capital, according to a LinkedIn page.
Centenus is set to launch either late this year or early next. The prime brokers include Goldman Sachs, UBS and Morgan Stanley.
Millennium manages $34.9 billion, according to its website.

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