Millennium Management, one of the world’s largest multi-strategy hedge funds, is setting up shop in Athens. The firm incorporated Millennium Capital Management (Greece) in July 2026 with an initial share capital of €100,000, making it the latest heavyweight to plant a flag in a city that is quickly becoming finance’s favorite Mediterranean outpost.
The new entity is 99% owned by Millennium’s New York-based parent company and operates under Martin Pabari, the firm’s EMEA chief executive based in London. For a fund managing roughly $92 billion in assets, a €100,000 incorporation fee is basically a rounding error.
Athens is having a moment
Millennium’s move comes on the heels of news that Chris Rokos, founder of Rokos Capital Management and one of London’s most prominent macro traders, plans to relocate his personal residency to Greece and open an office there in September 2026. When two of the hedge fund industry’s biggest names pick the same city within months of each other, it stops looking like coincidence and starts looking like a trend.
The magnet pulling them south is, predictably, taxes. Greece offers a flat €100,000 annual tax on foreign income for qualifying residents, a deal that lasts up to 15 years. For billionaire fund managers generating enormous returns from global markets, that fixed-rate arrangement is extraordinarily attractive compared to the UK’s evolving tax landscape.
