ConocoPhillips Faces 29% Decline Amid Volatile Trading Year

Millennium Management, under the leadership of Israel Englander, has grown into one of the world’s largest and most successful alternative asset management firms, boasting over $75.8 billion in assets under management as of late 2024. The firm specializes in multi-strategy hedge fund offerings, leveraging a decentralized model with approximately 330 independent investment teams across 18 global offices. Millennium’s core strategies include fundamental equity research, equity arbitrage, macroeconomic-driven fixed income investments, and commodity-based trades, aiming to generate consistent, high-quality returns while effectively managing risk. ConocoPhillips (NYSE:COP) is included among Englander’s stock picks with significant upside potential, reflecting Millennium’s diversified and data-driven investment approach.