The month of September 2014 marked a major milestone in the history of Millennium Global; the firm’s 20year anniversary. Since its foundation by Michael Huttman in 1994, the firm has developed into a leading, specialist currency investment management business, managing institutional mandates for clients across the world.
Over this time we have won wide-ranging mandates from a diverse group of clients across five continents, including pension funds (public and private), corporations, banks, endowments, foundations and family offices.
The past 20 years have been marked by a series of significant financial events, notably; the equity market technology bubble of the 1990s, the so-called “Nasdaq bust” of the 2000s and the Global Financial Crisis of 2008. During these major events, currency markets have experienced significant evolution and change. The Euro declined heavily after its creation in 1999 but then almost doubled against the US dollar in the early years of the 21st century. Sterling soared and then sank during the Global Financial Crisis in 2008-9 and the Japanese Yen had its largest decline for 34 years in 2013.
Millennium Global’s successful navigation of these turbulent markets has led to growth in our assets under management to over USD 12 billion reflecting increasing client demand for currency investment management services.
Our 20 year anniversary landmark establishes the firm as having one of the longest track records in the currency investmentmanagement industry and we look forward to serving the needs of institutional clients across the world for many years to come.