Igor Tulchinsky’s WorldQuant, which previously managed capital exclusively for multi-strategy major Millennium Management, is now managing $10bn in assets for other clients, according to a report by Bloomberg.
WorldQuant Millennium Advisors (WMA), a joint venture between Tulchinsky and Izzy Englander’s Millennium to manage non-Millennium cash, has seen its assets more than quadruple since its $2.3bn debut in 2018. The report cites an internal communication obtained by Bloomberg News as showing that WMA’s assets under management have doubled in the past year alone.
The creation of WMA followed years of discussions between Tulchinsky and Englander about WorldQuant managing funds for outside investors. In addition to WMA’s assets, WorldQuant continues to manage about $7bn exclusively for Millennium, according to an unnamed Bloomberg source familiar with the matter.
In a memo to staff, Tulchinsky and Deputy Chief Investment Officer Andreas Kreuz wrote: “This milestone is a significant step towards our ultimate goal of achieving $100 billion in assets under management across WorldQuant platforms.”
Tulchinsky originally founded WorldQuant in 2007 after a 12-year tenure at Millennium, where he specialised in statistical arbitrage – a quantitative strategy that seeks to exploit price discrepancies across markets.
