Izzy Englander's $35 billion hedge fund made a big million bet on Target

Izzy Englander’s $US35 billion hedge fund firm made a big bet on Target.

The New York-based firm invested $US175 million in the retailer in the fourth quarter of last year. It was the biggest new bet the fund made in the fourth quarter.

That info is based on a Bloomberg analysis of a regulatory filing that the $US35 billion investment firm submitted on February 14.

The quarterly filing, called a 13F, lists the long stock positions of investment firms. The positions are current as of 45 days prior, so it is possible that Millennium has since changed its positions.

Millennium manages about $US34.8 billion, with more than 2,100 employees working across the US, Europe, and Asia, according to the firm’s website.

The firm has also just made a big hire for equity chief, bringing on Peter Santoro, Morgan Stanley’s global head of stock trading, Business Insider earlier reported.

NOW WATCH: KPMG’s US CEO Lynne Doughtie shares one major tip to get promoted at work

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.