The Coffee Run: The $32bn hedge fund manager who hates losing money more than he likes making it

We've launched a new weekly video series to accompany Morning Coffee, in which we look at one story in more depth to give you the full picture.

Millennium is one of the hedge funds at the summit of the mountain. It is remarkably consistent, and pays its top people $100m to make sure it stays that way. 

But there are some differences between Millennium and other major multistrategy hedge funds. While most are focused on consistently making money, Englander has a serious aversion to losing it. How does that affect the way Millennium is run? Find out on the Coffee Run.

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