Igor Tulchinsky’s WorldQuant, which until recent years managed capital exclusively for hedge fund giant Millennium Management, has now built a $10 billion business running money for outsiders.
WorldQuant Millennium Advisors, a joint venture Tulchinsky started with Israel Englander’s firm to oversee non-Millennium capital, has more than quadrupled in size since raising $2.3 billion in its 2018 debut. Assets under management have doubled in the last year, according to an internal communication seen by Bloomberg News.