Millennium Management Co‑CIO Paul Russo Retires 2026

Retirement of Co‑CIO Paul Russo

Paul Russo, who serves as co‑chief investment officer at Millennium Management, will retire from his position at the end of 2026. In his role, Russo was responsible for managing all risks within the firm’s equities businesses and was a member of the Office of the CIO. According to Bloomberg News, citing people familiar with the matter, after his retirement he will maintain a relationship with the firm and remain available as needed.

Millennium Management, a New York‑based hedge fund, currently manages approximately $89 billion in assets. The firm declined to comment on Russo’s retirement or the succession plan. The announcement was published on 30‑06‑2026 at 10:06 pm, authored by Louis Juricic, and the article was generated with AI support and reviewed by an editor.

Key Points

• Retirement effective end‑2026; continued advisory relationship post‑retirement.
• Risk oversight of equities and Office of CIO membership highlighted.
• $89 billion AUM; firm chose not to comment on the leadership change.