Key Takeaways
- • Millennium Management, a $92 billion multi-manager hedge fund, is establishing its first Brazilian office in São Paulo, marking a strategic expansion into Latin America's largest economy.
- • The firm appointed Fabio Akira Hashizume, a former JPMorgan Chase executive with over a decade of banking experience and recent tenure at BlueLine Asset Management, to lead Brazilian operations.
- • Portfolio manager Rubens Machado will relocate from London to São Paulo while the firm pursues regulatory licensing, maintaining his existing investment team responsibilities.
- • Strategist Otavio Teixeira has been transferred from the US to São Paulo to support the office build-out as Millennium strengthens its local infrastructure.
- • The expansion reflects broader competitive positioning in Brazil's alternative investment market, following rival Schonfeld Strategic Advisors' 2025 launch of its own São Paulo office under former Goldman Sachs partner Andre Laport.
Summary
Millennium Management is executing a geographic expansion into Brazil with the establishment of a new São Paulo office, leveraging senior hires and internal transfers to build operational capacity in Latin America's largest economy. The $92 billion multi-manager hedge fund, which operates one of the world's largest alternative investment platforms spanning more than 340 investment teams, announced the appointment of Fabio Akira Hashizume to lead the Brazilian venture. Hashizume brings substantial institutional experience from over a decade at JPMorgan Chase, where he held executive-level positions, and most recently served at BlueLine Asset Management.
The operational structure combines external talent acquisition with internal redeployment. Portfolio manager Rubens Machado will relocate from the firm's London office to São Paulo in the coming months, retaining his responsibilities within his current investment team while establishing local market presence. Strategist Otavio Teixeira has been transferred from the US to support the office's growth trajectory. These moves indicate a deliberate phased approach to market entry, with the firm currently pursuing the regulatory licenses necessary to operate within Brazil's alternative investment framework.
The expansion reflects Millennium's ongoing strategy under founder Izzy Englander to strengthen international operations and positions the firm within a competitive landscape increasingly focused on Latin America. Schonfeld Strategic Advisors, a comparable multi-manager rival, similarly established a São Paulo office in 2025, appointing former Goldman Sachs partner Andre Laport to lead its Brazilian business. Brazil's attractiveness as an investment hub for global alternative asset managers stems from its economic scale and growing institutional investor base. Millennium and the key appointees declined to comment on the hiring and structural details of the Brazilian launch.
The operational structure combines external talent acquisition with internal redeployment. Portfolio manager Rubens Machado will relocate from the firm's London office to São Paulo in the coming months, retaining his responsibilities within his current investment team while establishing local market presence. Strategist Otavio Teixeira has been transferred from the US to support the office's growth trajectory. These moves indicate a deliberate phased approach to market entry, with the firm currently pursuing the regulatory licenses necessary to operate within Brazil's alternative investment framework.
The expansion reflects Millennium's ongoing strategy under founder Izzy Englander to strengthen international operations and positions the firm within a competitive landscape increasingly focused on Latin America. Schonfeld Strategic Advisors, a comparable multi-manager rival, similarly established a São Paulo office in 2025, appointing former Goldman Sachs partner Andre Laport to lead its Brazilian business. Brazil's attractiveness as an investment hub for global alternative asset managers stems from its economic scale and growing institutional investor base. Millennium and the key appointees declined to comment on the hiring and structural details of the Brazilian launch.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.