Millennium Management, the $58 billion hedge fund firm founded by Izzy Englander, has completed its plan to lock up client capital for longer by returning ing an additional $15 billion to investors, according to a report by Bloomberg.

The report cites unnamed sources as confirming that the money is from a share class that can be redeemed in full over a year. The same amino was returned to investors last year as part of a lock-up plan that has been running since 2018.

Investors can now choose to re-invest their funds in an alternative share class that only allows withdrawals of 5% each quarter, making the full redemption period five years rather than just one. Despite being more restrictive, the firm's steady returns in recent years mean that many are expected to take up the option. As of the end of September, Millennium's flagship hedge fund is up 9.7% this year.