Millennium Management was established in 1989 with a management scale of $33.6 billion. It has over 1900 employees and offices in the United States, Europe and Asia.

The investment mode of Millennium management pays great attention to risk. Compared with high risk and high return, it is more inclined to have higher return under certain risks (such as low sharp interest rate). In addition, I also hope that the trading team can make a little profit in the days of making money and lose a little money in the days of losing money, so as to strive for more days of making money in this case. If there is a chance to get high returns at the risk of high losses, AQR will let the team give up such an opportunity. This risk-averse investment concept has become a rule of the trading team.

The investment strategy of Millennium Management focuses on diversification and globalization, including relative value, statistical arbitrage, merger arbitrage, fixed income and commodities. It is very diverse in asset categories, industries to which commodities belong, and regions of investment targets, including domestic and foreign equity, creditor's rights, currency, futures, forwards and options.

It is worth mentioning that Millennium Management attaches great importance to the application of high technology. Its affiliated quantitative department has a system that allows amateur traders to submit algorithms for specific transactions.