Blackrock In Early Talks To Take Equity Stake In Hedge Fund Giant Millennium: Report

BlackRock Inc. (NYSE:BLK), the world’s largest asset manager, is reportedly in preliminary discussions to acquire an equity stake in Millennium Management, one of the leading hedge fund managers.

What Happened: BlackRock is considering a strategic partnership with Millennium Management, the Financial Times reported, citing sources familiar with the matter.

This potential deal would mark the first time in Millennium’s 35-year history that its founder, Izzy Englander, has accepted external investment in the management company.

Although the size of the equity stake is expected to be modest, the move underscores BlackRock’s ambitions to expand into ...

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