Millennium Management returned 13.61% with a Sharpe ratio of 4.82 in 2021. The hedge fund's Sharpe ratio exceeded those of the S&P 500 and hedge fund indices. Millennium recorded winning days on 61% of the trading days in 2021. Fund management said their history shows that their percentage of winning days is an essential indicator of their full-year results.
Q4 2021 hedge fund letters, conferences and more
Millennium reported that the HFRI index returned 10.52% for 2021, while the S&P 500 gained 28.71%. The HFRI index had a Sharpe ratio of 1.83 last year, while the S&P's ratio was 2.59.
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