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Israel Englander

Israel Englander
Born 1948 (age 68–69)
New York City, U.S.
Nationality United States
Other names Izzy Englander
Alma mater New York University
Occupation Investor, hedge fund manager, and philanthropist
Known for Founding and leading Millennium Management
Net worth US$5.2 billion (February 2017)
Spouse(s) Caryl Schechter
Children 3

Israel Englander (born 1948) is an American investor, hedge fund manager, and philanthropist. In 1989, he founded his hedge fund, Millennium Management, with Ronald Shear. The fund was started with $35 million and as of February 2017 has $34.77 billion in assets under management.

With a personal net worth of $5.2 billion USD, he is the 91st richest man in the United States and was the 8th highest earning hedge fund manager in 2016.

Israel "Izzy" Englander was born in 1948 and was raised in a Jewish family in the Crown Heights neighborhood of Brooklyn. He was raised in a religious home and attended yeshiva. 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.

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 . 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.

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


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