Izzy Englander's $35 billion hedge fund firm made a big bet on Target.
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Izzy Englander's $35 billion hedge fund made a big bet on Target (TGT)
Millennium Management took the position in the last quarter of 2016.
The New York-based firm invested $175 million in the retailer in the fourth quarter of last year. It was the biggest new bet the fund made in the fourth quarter.
That info is based on a Bloomberg analysis of a regulatory filing that the $35 billion investment firm submitted on February 14.
The quarterly filing, called a 13F, lists the long stock positions of investment firms. The positions are current as of 45 days prior, so it is possible that Millennium has since changed its positions.
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Millennium manages about $34.8 billion with more than 2,100 employees working across the US, Europe, and Asia, according to the firm’s website.
The firm has also just made a big hire for equity chief, bringing on Peter Santoro, Morgan Stanley's global head of stock trading, Business Insider earlier reported.
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