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VisitBlackRock in Talks to Acquire Minority Stake in $70B Hedge Fund Millennium Management
Nov 8, 2024, 07:09 AM
BlackRock Inc. ($BLK) is reportedly in preliminary discussions to acquire a minority stake in Millennium Management, a hedge fund managed by Izzy Englander with assets totaling $70 billion. The potential strategic partnership aims to help BlackRock, the world’s largest asset manager, expand its presence in the fast-growing alternatives sector. While the talks are still in early stages, it remains uncertain if a deal will be finalized.
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Markets
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Official press releases from BlackRock or Millennium Management, major financial news outlets
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Official announcements from BlackRock or Millennium Management, major financial news outlets
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Official financial disclosures from BlackRock or Millennium Management, major financial news outlets
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Stock market data from financial platforms like Bloomberg or Yahoo Finance
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