On November 8th, according to the Financial Times, citing people familiar with the matter, BlackRock is in preliminary discussions with Millennium Management on a strategic partnership that could see the world's largest asset manager acquire a stake in the most profitable hedge fund manager.
People familiar with the matter said the talks were still at an early stage and a deal was unlikely to be reached. If BlackRock does eventually acquire a stake in Millennium, it would be the first time in 35 years that Englander has accepted outside investment into Millennium's management company. Both BlackRock and Millennium declined to comment.
BlackRock is in talks to buy a minority stake in hedge fund manager Millennium
2024-11-08 03:45:55
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