Millennium Management portfolio managers rise with Google Cloud

image of Google Cloud HQ logo | Bharti Airtel and Google Cloud join to deliver cloud solutions to India

Google Cloud has announced that Millennium Management, a global alternative investment manager, will provide Millennium portfolio managers with Google Cloud’s cloud infrastructure.

Millennium Management is built on a multi-manager model where investment teams operate with autonomy and are underpinned by a robust technology platform. Millennium also offers portfolio managers a suite of centralized tools and analytics, while providing the technology building blocks for them to develop solutions specifically tailored to their needs and investment approaches.

By having access to Google Cloud’s cloud infrastructure, AI tools such as Vertex AI and data analytics via BigQuery, portfolio managers at Millennium can be enabled to rapidly develop custom technology solutions to solve investment problems across a multi-cloud environment.

Yolande Piazza, vice president, financial services, Google Cloud, said: “The investment industry has always been on the cutting edge of technology and as we enter a new era of AI in the financial markets, firms are rapidly innovating to capture growth from new data offerings, new markets, geographies, asset classes and more.

“Through Millennium’s use of Google Cloud, Millennium is providing its portfolio managers access to our secure and reliable cloud technology, advanced analytics and AI capabilities, to help them solve challenges critical to their investment workflows.”

Rob Newton, global head of technology infrastructure at Millennium Management, said: We’re working with Google Cloud to solve a challenge at the heart of investment management: how to scale while also providing flexibility and autonomy for portfolio managers.

“Millennium has been an early adopter of cloud technology, and by offering access to Google Cloud infrastructure, we are providing portfolio managers and technologists with optionality in cloud capabilities. We will continue to explore new ways cloud can add value to our firm, including expanding our GenAI capabilities.”

In addition to this, the company has also announced a multi-year partnership with McDonald’s Corporation to connect Google Cloud technology across thousands of its restaurants around the globe.