Billionaire Israel Englander's Top 5 Dividend Picks

Israel Englander established his investment firm, Millennium Management, in 1989 with $35 million. The company has close to $16 billion in assets under management. The investment strategies that the firm pursues include: relative value fundamental equity, statistical arbitrage/quantitative strategies, fixed income, and merger arbitrage/event driven. The firm runs a platform model whereby teams of investors are allocated funds to purchase shares based on a variety of investment strategies. Therefore, Millennium's funds are collections of multiple portfolios. Interestingly, Millennium Management does not assess a management fee; it charges expense directly to the fund. According to Forbes, in 2011, "Millennium International and Millennium USA returned 8.45% and 8.67% respectively net of fees." The firm "has produced annualized net returns of 15% since 1990, suffering its sole down year in 2008." It had been reported that Englander, with a personal net worth estimated at some $2.3 billion, has sought a buyer for a... Read more