Millennium Management Opens New Office in Athens, Greece

Millennium Management, one of the world’s largest multi-strategy hedge funds, is setting up operations in Athens, Greece. The firm incorporated Millennium Capital Management (Greece) in July 2026 with an initial share capital of €100,000, signaling a growing trend of financial firms establishing a presence in the Mediterranean city.

The new entity is primarily owned by Millennium’s New York-based parent company and is led by Martin Pabari, the firm’s EMEA chief executive based in London. This move comes shortly after Chris Rokos, founder of Rokos Capital Management, announced plans to relocate to Greece and open an office in September 2026, further indicating a shift in the hedge fund landscape.

The appeal of Greece lies in its favorable tax regime, offering a flat €100,000 annual tax on foreign income for qualifying residents, a significant draw for wealthy fund managers compared to the evolving tax policies in the UK. Greece has transformed from a cautionary tale of economic mismanagement to a tax-friendly haven for the ultra-wealthy.

Millennium Management is not new to the Greek market, having engaged in trading Greek equities for at least five years. The formal incorporation of a local entity is expected to enhance market liquidity and increase trading volumes on the Greek exchange.

However, the stability of Greece’s tax regime remains a concern, as future administrations could alter the current favorable conditions, potentially impacting the long-term presence of hedge funds in the country.